K.J. Harrison & Partners Inc Buys New Stake in Lionsgate Studios Corp. $LION

K.J. Harrison & Partners Inc bought a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $1,148,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Lionsgate Studios in the second quarter worth $251,521,000. Jericho Capital Asset Management L.P. purchased a new stake in Lionsgate Studios during the 4th quarter worth about $51,119,000. Cooper Creek Partners Management LLC acquired a new position in Lionsgate Studios in the 1st quarter valued at about $43,715,000. Anson Funds Management LP raised its stake in Lionsgate Studios by 36.3% in the 4th quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock valued at $87,255,000 after purchasing an additional 2,543,352 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Lionsgate Studios by 273.4% in the 4th quarter. Marshall Wace LLP now owns 2,331,777 shares of the company’s stock valued at $21,289,000 after purchasing an additional 1,707,282 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LION shares. Robert W. Baird lifted their price target 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. Barrington Research raised their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Friday, July 17th. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 price target on shares of Lionsgate Studios in a report on Friday, May 22nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $15.00 price target on shares of Lionsgate Studios in a research note on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lionsgate Studios presently has an average rating of “Moderate Buy” and a consensus price target of $15.57.

Lionsgate Studios Price Performance

LION opened at $11.97 on Tuesday. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of -28.50 and a beta of 0.73. The business has a 50-day moving average of $13.85 and a two-hundred day moving average of $11.85. Lionsgate Studios Corp. has a 12 month low of $5.88 and a 12 month high of $16.70.

Lionsgate Studios (NYSE:LION) last released its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. Equities research analysts anticipate that Lionsgate Studios Corp. will post 0.16 earnings per share for the current year.

Lionsgate Studios Company 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.