Jefferies Financial Group Inc. Buys Shares of 5,806,417 Lionsgate Studios Corp. $LION

Jefferies Financial Group Inc. purchased a new position in Lionsgate Studios Corp. (NYSE:LION) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,806,417 shares of the company’s stock, valued at approximately $88,896,000. Lionsgate Studios comprises 0.6% of Jefferies Financial Group Inc.’s holdings, making the stock its 17th largest position. Jefferies Financial Group Inc. owned approximately 1.95% of Lionsgate Studios as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of Lionsgate Studios by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after purchasing an additional 837,774 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Lionsgate Studios by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after buying an additional 275,839 shares during the period. Jane Street Group LLC purchased a new stake in Lionsgate Studios during the first quarter valued at approximately $825,000. Envestnet Asset Management Inc. purchased a new stake in Lionsgate Studios during the second quarter valued at approximately $77,000. Finally, Creative Planning bought a new position in Lionsgate Studios in the second quarter worth approximately $117,000.

Lionsgate Studios Stock Performance

Shares of Lionsgate Studios stock opened at $11.52 on Friday. The stock has a 50 day moving average price of $13.37 and a 200-day moving average price of $11.98. Lionsgate Studios Corp. has a one year low of $5.88 and a one year high of $16.70. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of -27.43 and a beta of 0.72.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million during the quarter, compared to analysts’ expectations of $703.10 million. Sell-side analysts predict that Lionsgate Studios Corp. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. B. Riley Financial cut their price objective on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research note on Thursday, August 6th. Seaport Research Partners reaffirmed a “buy” rating and set a $17.00 price objective on shares of Lionsgate Studios in a research report on Friday, August 7th. Raymond James Financial reiterated an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, Robert W. Baird increased their target price on shares of Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.57.

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.