Lionsgate Studios Corp. $LION Shares Bought by Credit Industriel ET Commercial

Credit Industriel ET Commercial increased its stake in Lionsgate Studios Corp. (NYSE:LION) by 45.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,625 shares of the company’s stock after acquiring an additional 103,859 shares during the period. Credit Industriel ET Commercial owned approximately 0.11% of Lionsgate Studios worth $2,295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd lifted its position in shares of Lionsgate Studios by 201.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 225,210 shares of the company’s stock valued at $1,554,000 after acquiring an additional 150,472 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Lionsgate Studios during the third quarter worth $1,357,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Lionsgate Studios during the third quarter valued at $2,749,000. Liberty 77 Capital L.P. purchased a new stake in shares of Lionsgate Studios during the second quarter valued at $214,831,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of Lionsgate Studios in the 2nd quarter valued at $232,000.

Insider Activity

In other Lionsgate Studios news, insider Michael Raymond Burns sold 21,748 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total value of $195,949.48. Following the transaction, the insider owned 3,061,213 shares in the company, valued at $27,581,529.13. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 32.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on LION shares. Wall Street Zen lowered shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company lifted their target price on shares of Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Morgan Stanley restated an “overweight” rating and issued a $11.00 price target on shares of Lionsgate Studios in a research report on Friday, February 6th. Zacks Research raised shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Benchmark boosted their target price on shares of Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.86.

Lionsgate Studios Stock Performance

LION stock opened at $8.10 on Monday. The firm has a 50 day simple moving average of $8.92 and a 200 day simple moving average of $7.41. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $10.09. The stock has a market cap of $2.35 billion, a P/E ratio of -9.53 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last released its earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $724.30 million for the quarter, compared to the consensus estimate of $706.03 million. Sell-side analysts predict that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Lionsgate Studios Company Profile

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.