Geode Capital Management LLC Raises Holdings in Lionsgate Studios Corp. $LION

Geode Capital Management LLC lifted its stake in Lionsgate Studios Corp. (NYSE:LION) by 658.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,740,225 shares of the company’s stock after purchasing an additional 4,115,334 shares during the quarter. Geode Capital Management LLC owned about 1.64% of Lionsgate Studios worth $27,547,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new position in Lionsgate Studios during the 2nd quarter valued at approximately $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Lionsgate Studios during the second quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in shares of Lionsgate Studios during the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Lionsgate Studios in the 2nd quarter valued at $36,000. Finally, KBC Group NV purchased a new position in Lionsgate Studios in the 2nd quarter worth $37,000.

Lionsgate Studios Stock Performance

Shares of NYSE LION opened at $7.46 on Friday. The company has a market capitalization of $2.16 billion, a PE ratio of -11.13 and a beta of -0.12. The company’s fifty day moving average price is $6.61 and its 200 day moving average price is $6.49. Lionsgate Studios Corp. has a 1 year low of $5.55 and a 1 year high of $8.50.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). On average, equities analysts expect that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barrington Research reiterated an “outperform” rating and set a $8.50 price target on shares of Lionsgate Studios in a research note on Friday, November 7th. Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a research report on Friday, September 5th. Zacks Research downgraded shares of Lionsgate Studios from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Wells Fargo & Company started coverage on shares of Lionsgate Studios in a research note on Tuesday, August 5th. They set an “overweight” rating and a $9.00 price objective for the company. Finally, Robert W. Baird began coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8.95.

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.