Goldman Sachs Group Inc. Raises Stake in Lionsgate Studios Corp. $LION

Goldman Sachs Group Inc. boosted its holdings in shares of Lionsgate Studios Corp. (NYSE:LION) by 198.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 414,795 shares of the company’s stock after acquiring an additional 275,839 shares during the period. Goldman Sachs Group Inc. owned 0.14% of Lionsgate Studios worth $3,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Anson Funds Management LP grew its stake in shares of Lionsgate Studios by 11.9% in the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock worth $26,433,000 after acquiring an additional 375,409 shares during the period. Millennium Management LLC grew its position in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after buying an additional 837,774 shares during the period. Alpine Global Management LLC lifted its holdings in Lionsgate Studios by 570.9% during the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock valued at $1,656,000 after purchasing an additional 188,700 shares in the last quarter. Jane Street Group LLC purchased a new position in Lionsgate Studios during the first quarter valued at approximately $825,000. Finally, Nexpoint Asset Management L.P. lifted its holdings in Lionsgate Studios by 11.8% during the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company’s stock valued at $660,000 after purchasing an additional 9,300 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup lowered their price target on shares of Lionsgate Studios from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Loop Capital assumed coverage on shares of Lionsgate Studios in a report on Wednesday, June 4th. They set a “hold” rating and a $8.00 price target on the stock. Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. Wolfe Research assumed coverage on shares of Lionsgate Studios in a report on Tuesday, July 29th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley lowered their price target on shares of Lionsgate Studios from $8.50 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $8.75.

Lionsgate Studios Stock Down 3.1%

Shares of LION opened at $6.93 on Friday. Lionsgate Studios Corp. has a 52-week low of $5.55 and a 52-week high of $8.50. The stock has a 50 day moving average price of $6.47 and a 200 day moving average price of $7.16. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -10.34 and a beta of -0.21.

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

Insider Activity at Lionsgate Studios

In related news, major shareholder Liberty 77 Capital L.P. purchased 72,089 shares of the business’s stock in a transaction dated 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 purchase, the insider directly owned 37,548,125 shares of the company’s stock, valued at $209,894,018.75. This trade represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 651,855 shares of company stock worth $3,675,834 in the last three months. 9.40% of the stock is owned by corporate insiders.

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.