Trexquant Investment LP Takes $81,000 Position in Lionsgate Studios Corp. $LION

Trexquant Investment LP bought a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,783 shares of the company’s stock, valued at approximately $81,000.

Several other institutional investors also recently bought and sold shares of LION. EntryPoint Capital LLC grew its position in shares of Lionsgate Studios by 60.9% in the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock valued at $275,000 after purchasing an additional 13,910 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of Lionsgate Studios by 32.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock valued at $598,000 after purchasing an additional 19,740 shares during the last quarter. Finally, Anson Funds Management LP grew its position in Lionsgate Studios by 11.9% during the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock worth $26,433,000 after buying an additional 375,409 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LION. Robert W. Baird began coverage on Lionsgate Studios in a research report on Friday, September 5th. They set an “outperform” rating and a $8.00 target price on the stock. Morgan Stanley dropped their price objective on shares of Lionsgate Studios from $8.50 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, May 27th. Wall Street Zen lowered Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. Raymond James Financial assumed coverage on shares of Lionsgate Studios in a report on Tuesday, May 20th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, Citigroup decreased their target price on Lionsgate Studios from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $8.75.

Lionsgate Studios Stock Performance

Shares of LION opened at $6.61 on Thursday. The firm has a market cap of $1.91 billion, a P/E ratio of -9.87 and a beta of -0.21. The firm’s 50-day simple moving average is $6.27 and its 200 day simple moving average is $7.29. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $8.50.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.18). As a group, equities analysts forecast that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Lionsgate Studios

In other Lionsgate Studios news, major shareholder Liberty 77 Capital L.P. bought 72,089 shares of the business’s stock in a transaction on Wednesday, July 9th. The stock was purchased at an average cost of $5.59 per share, for a total transaction of $402,977.51. Following the completion of the purchase, the insider directly owned 37,548,125 shares of the company’s stock, valued at approximately $209,894,018.75. This trade represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have purchased 1,559,489 shares of company stock worth $8,950,186. Corporate insiders own 9.40% of the company’s stock.

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.