Victory Capital Management Inc. Decreases Stake in Lionsgate Studios Corp. $LION

Victory Capital Management Inc. lessened its position in shares of Lionsgate Studios Corp. (NYSE:LION) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,702,768 shares of the company’s stock after selling 247,359 shares during the quarter. Victory Capital Management Inc. owned about 1.28% of Lionsgate Studios worth $25,549,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LION. Osaic Holdings Inc. boosted its position in shares of Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares during the last quarter. KBC Group NV bought a new stake in Lionsgate Studios in the second quarter worth $37,000. State of Alaska Department of Revenue bought a new stake in Lionsgate Studios in the third quarter worth $63,000. Walleye Trading LLC purchased a new stake in Lionsgate Studios during the second quarter valued at $60,000. Finally, Orion Porfolio Solutions LLC bought a new position in Lionsgate Studios during the second quarter valued at $70,000.

Insider Activity at Lionsgate Studios

In other news, insider Michael Raymond Burns sold 21,748 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total transaction of $195,949.48. Following the transaction, the insider owned 3,061,213 shares of the company’s stock, valued at approximately $27,581,529.13. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 32.10% of the company’s stock.

Lionsgate Studios Trading Down 1.7%

Lionsgate Studios stock opened at $10.48 on Tuesday. The firm has a 50-day moving average price of $9.08 and a 200-day moving average price of $7.72. The firm has a market capitalization of $3.04 billion, a PE ratio of -12.33 and a beta of -0.38. Lionsgate Studios Corp. has a 12-month low of $5.55 and a 12-month high of $11.02.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LION. Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen lowered Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Morgan Stanley reissued an “overweight” rating and set a $11.00 price objective on shares of Lionsgate Studios in a research note on Friday, February 6th. Barrington Research reaffirmed an “outperform” rating and issued a $11.50 price objective on shares of Lionsgate Studios in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and an average price target of $9.86.

Lionsgate Studios 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.