5,599,000 Shares in Lionsgate Studios Corp. $LION Bought by Jericho Capital Asset Management L.P.

Jericho Capital Asset Management L.P. bought a new stake in Lionsgate Studios Corp. (NYSE:LION) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,599,000 shares of the company’s stock, valued at approximately $51,119,000. Lionsgate Studios accounts for approximately 0.6% of Jericho Capital Asset Management L.P.’s portfolio, making the stock its 25th biggest holding. Jericho Capital Asset Management L.P. owned 1.93% of Lionsgate Studios as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CastleKnight Management LP purchased a new position in shares of Lionsgate Studios in the 4th quarter valued at about $4,359,000. Concentric Capital Strategies LP purchased a new position in shares of Lionsgate Studios in the fourth quarter valued at $1,432,000. Nexpoint Asset Management L.P. raised its position in Lionsgate Studios by 50.3% during the fourth quarter. Nexpoint Asset Management L.P. now owns 248,140 shares of the company’s stock worth $2,266,000 after acquiring an additional 83,011 shares during the last quarter. J. Goldman & Co LP purchased a new stake in Lionsgate Studios in the 4th quarter valued at approximately $935,000. Finally, AQR Capital Management LLC boosted its stake in shares of Lionsgate Studios by 293.2% during the fourth quarter. AQR Capital Management LLC now owns 105,116 shares of the company’s stock valued at $960,000 after acquiring an additional 78,382 shares during the last quarter.

Key Stories Impacting Lionsgate Studios

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: Robert W. Baird raised its price target on Lionsgate Studios to $20 from $18 and kept an outperform rating, signaling continued analyst confidence in upside from current levels. Benzinga
• Positive Sentiment: Shares surged on takeover chatter after reports suggested Netflix was considering a bid, and the stock also hit a new 52-week high as investors rushed into the name. Benzinga
• Neutral Sentiment: The move also triggered unusually heavy call-option buying, showing strong speculative interest but not a fundamental change in the business outlook.
• Negative Sentiment: Netflix publicly denied acquisition interest, removing the main catalyst behind the recent rally and prompting a pullback in Lionsgate Studios shares. MSN

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LION. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $11.00 to $12.60 in a report on Monday, April 20th. Morgan Stanley upped their target price on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Robert W. Baird upped their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday. Wall Street Zen downgraded Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $16.00 price target on shares of Lionsgate Studios in a research report on Friday, May 22nd. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.37.

Lionsgate Studios Trading Down 7.0%

NYSE:LION opened at $15.21 on Thursday. The business’s fifty day moving average price is $12.76 and its 200 day moving average price is $10.31. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of -21.12 and a beta of 0.69. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $16.70.

Lionsgate Studios Profile

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.