Gabelli Funds LLC Acquires 94,600 Shares of Lionsgate Studios Corp. $LION

Gabelli Funds LLC increased its holdings in shares of Lionsgate Studios Corp. (NYSE:LION) by 14.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 728,000 shares of the company’s stock after acquiring an additional 94,600 shares during the period. Gabelli Funds LLC’s holdings in Lionsgate Studios were worth $6,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Osaic Holdings Inc. increased its stake in shares of Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after purchasing an additional 4,852 shares in the last quarter. GAMMA Investing LLC increased its position in Lionsgate Studios by 99.3% during the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Lionsgate Studios during the 3rd quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd purchased a new position in Lionsgate Studios during the fourth quarter valued at $44,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Lionsgate Studios in the fourth quarter worth $55,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LION shares. Seaport Research Partners reissued a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $11.00 to $12.60 in a research report on Monday, April 20th. Morgan Stanley upped their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Benchmark increased their price objective on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, B. Riley Financial started coverage on shares of Lionsgate Studios in a report on Wednesday, July 1st. They issued a “neutral” rating and a $17.00 target price for the company. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.57.

Lionsgate Studios Trading Down 0.7%

Shares of LION opened at $13.25 on Tuesday. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -18.40 and a beta of 0.64. The business’s fifty day simple moving average is $14.19 and its two-hundred day simple moving average is $11.49. Lionsgate Studios Corp. has a 12 month low of $5.65 and a 12 month 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.