Nisa Investment Advisors LLC Purchases Shares of 52,147 Lionsgate Studios Corp. $LION

Nisa Investment Advisors LLC bought a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 52,147 shares of the company’s stock, valued at approximately $303,000.

A number of other large investors also recently modified their holdings of LION. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Lionsgate Studios in the second quarter valued at about $26,000. FNY Investment Advisers LLC purchased a new position in shares of Lionsgate Studios in the second quarter valued at about $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lionsgate Studios in the second quarter valued at about $36,000. CWM LLC purchased a new position in Lionsgate Studios in the 2nd quarter worth approximately $44,000. Finally, Investors Research Corp purchased a new position in Lionsgate Studios in the 2nd quarter worth approximately $47,000.

Lionsgate Studios Trading Down 0.5%

Shares of NYSE LION opened at $6.40 on Tuesday. The firm’s 50-day moving average price is $6.52 and its 200-day moving average price is $6.64. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -9.55 and a beta of -0.09. Lionsgate Studios Corp. has a 12-month low of $5.55 and a 12-month high of $8.50.

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

Wall Street Analysts Forecast Growth

LION has been the topic of a number of research analyst reports. Wolfe Research began coverage on Lionsgate Studios in a report on Tuesday, July 29th. They issued a “peer perform” rating on the stock. Barrington Research initiated coverage on shares of Lionsgate Studios in a report on Wednesday, October 29th. They issued an “outperform” rating and a $8.50 target price on the stock. Baird R W upgraded shares of Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. Wall Street Zen cut shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Sunday, August 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and a consensus price target of $8.73.

About Lionsgate Studios

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.