VIRGINIA RETIREMENT SYSTEMS ET Al Buys 110,300 Shares of Lionsgate Studios Corp. $LION

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Lionsgate Studios Corp. (NYSE:LION) by 823.1% in the third quarter, HoldingsChannel.com reports. The fund owned 123,700 shares of the company’s stock after acquiring an additional 110,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lionsgate Studios were worth $1,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LION. Nykredit A S acquired a new stake in shares of Lionsgate Studios in the 2nd quarter valued at approximately $49,000. Sterling Capital Management LLC boosted its stake in Lionsgate Studios by 847.4% during the 3rd quarter. Sterling Capital Management LLC now owns 6,622 shares of the company’s stock worth $74,000 after acquiring an additional 5,923 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Lionsgate Studios during the 2nd quarter worth approximately $118,000. Amundi acquired a new position in Lionsgate Studios during the second quarter valued at approximately $169,000. Finally, Lido Advisors LLC acquired a new position in Lionsgate Studios during the first quarter valued at approximately $112,000.

Lionsgate Studios Stock Up 2.1%

NYSE LION opened at $12.71 on Thursday. The stock’s 50-day moving average is $11.47 and its 200-day moving average is $11.65. Lionsgate Studios Corp. has a one year low of $6.43 and a one year high of $16.70.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to the consensus estimate of $703.10 million. On average, equities research analysts forecast that Lionsgate Studios Corp. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on LION. Morgan Stanley reaffirmed an “overweight” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research note on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Lionsgate Studios in a report on Friday, September 25th. They issued an “underweight” rating and a $9.00 target price on the stock. Wall Street Zen cut shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research lowered shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Citizens Jmp assumed coverage on shares of Lionsgate Studios in a research report on Monday, September 14th. They issued a “market outperform” rating and a $18.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Lionsgate Studios currently has an average rating of “Moderate Buy” and a consensus price target of $15.16.

Lionsgate Studios Company Profile

Lionsgate Studios (NYSE:LION) is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.

The company’s film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.