Congress Park Capital LLC Sells 163,400 Shares of Lionsgate Studios Corp. $LION

Congress Park Capital LLC decreased its stake in shares of Lionsgate Studios Corp. (NYSE:LION) by 91.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,050 shares of the company’s stock after selling 163,400 shares during the quarter. Congress Park Capital LLC’s holdings in Lionsgate Studios were worth $111,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LION. Liberty 77 Capital L.P. acquired a new stake in Lionsgate Studios in the second quarter valued at $214,831,000. Goldman Sachs Group Inc. raised its holdings in shares of Lionsgate Studios by 198.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after purchasing an additional 275,839 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new stake in Lionsgate Studios in the 2nd quarter valued at about $232,000. Alpine Global Management LLC grew 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 worth $1,656,000 after purchasing an additional 188,700 shares during the period. Finally, Swiss National Bank bought a new position in Lionsgate Studios during the second quarter worth about $2,377,000.

Lionsgate Studios Price Performance

LION opened at $8.42 on Thursday. The business has a fifty day simple moving average of $6.88 and a 200 day simple moving average of $6.57. Lionsgate Studios Corp. has a 1 year low of $5.55 and a 1 year high of $8.75. The company has a market capitalization of $2.44 billion, a PE ratio of -12.57 and a beta of -0.27.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Equities analysts anticipate that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LION shares. Benchmark raised their price objective on Lionsgate Studios from $8.50 to $11.00 and gave the company a “buy” rating in a research report on Monday, November 24th. Barrington Research restated an “outperform” rating and issued a $8.50 price target on shares of Lionsgate Studios in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Lionsgate Studios from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Finally, Robert W. Baird began coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They set an “outperform” rating and a $8.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and an average price target of $8.95.

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.