Charles Schwab Investment Management Inc. Has $1.45 Million Holdings in Lionsgate Studios Corp. $LION

Charles Schwab Investment Management Inc. cut its holdings in shares of Lionsgate Studios Corp. (NYSE:LION) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,536 shares of the company’s stock after selling 6,930 shares during the period. Charles Schwab Investment Management Inc. owned 0.08% of Lionsgate Studios worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

Insider Transactions at Lionsgate Studios

In related news, major shareholder Liberty 77 Capital L.P. purchased 72,089 shares of the firm’s stock in a transaction that occurred on Wednesday, July 9th. The stock was acquired at an average price of $5.59 per share, for a total transaction of $402,977.51. Following the completion of the acquisition, the insider owned 37,548,125 shares of the company’s stock, valued at $209,894,018.75. This represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 1,559,489 shares of company stock worth $8,950,186 in the last ninety days.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LION shares. Wells Fargo & Company started coverage on Lionsgate Studios in a research note on Tuesday, August 5th. They set an “overweight” rating and a $9.00 target price for the company. Morgan Stanley cut their price objective on Lionsgate Studios from $8.50 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, May 27th. Rosenblatt Securities cut their price target on Lionsgate Studios from $13.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, June 4th. TD Cowen began coverage on Lionsgate Studios in a research report on Tuesday, June 3rd. They set a “hold” rating and a $8.00 price objective on the stock. Finally, Raymond James Financial assumed coverage on Lionsgate Studios in a research report on Tuesday, May 20th. They issued an “outperform” rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.83.

Lionsgate Studios Stock Performance

Shares of LION stock opened at $6.41 on Tuesday. The company has a market cap of $1.86 billion, a P/E ratio of -9.57 and a beta of -0.22. Lionsgate Studios Corp. has a fifty-two week low of $5.55 and a fifty-two week high of $8.50. The stock has a 50 day simple moving average of $6.19 and a two-hundred day simple moving average of $7.43.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.18). On average, research analysts predict that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.