Congress Park Capital LLC Invests $1.04 Million in Lionsgate Studios Corp. $LION

Key Points

• Congress Park Capital LLC has purchased 179,450 shares of Lionsgate Studios Corp. valued at approximately $1,043,000, contributing to its ownership of about 0.06% of the company.
• Insider trading saw major shareholder Liberty 77 Capital L.P. acquire 500,000 shares at an average price of $5.63, increasing their stake by 1.35%.
• Analysts have mixed views on Lionsgate Studios, with recent ratings ranging from "buy" to "hold," and a consensus price target of $8.75.

Congress Park Capital LLC acquired a new position in Lionsgate Studios Corp. (NYSE:LION - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 179,450 shares of the company's stock, valued at approximately $1,043,000. Congress Park Capital LLC owned 0.06% of Lionsgate Studios as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LION. Investors Research Corp purchased a new stake in Lionsgate Studios in the second quarter worth about $47,000. Trexquant Investment LP purchased a new stake in Lionsgate Studios in the first quarter worth about $81,000. EntryPoint Capital LLC grew its holdings in Lionsgate Studios by 60.9% in the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company's stock worth $275,000 after purchasing an additional 13,910 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in Lionsgate Studios by 32.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company's stock worth $598,000 after purchasing an additional 19,740 shares during the period. Finally, Nexpoint Asset Management L.P. grew its holdings in Lionsgate Studios by 11.8% in the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company's stock worth $660,000 after purchasing an additional 9,300 shares during the period.

Insider Transactions at Lionsgate Studios

In related news, major shareholder Liberty 77 Capital L.P. acquired 72,089 shares of the stock in a transaction on Wednesday, July 9th. The stock was bought at an average cost of $5.59 per share, with a total value of $402,977.51. Following the transaction, the insider directly owned 37,548,125 shares in the company, valued at approximately $209,894,018.75. This represents a 0.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have bought 651,855 shares of company stock valued at $3,675,834.

Analysts Set New Price Targets

A number of brokerages have weighed in on LION. Benchmark started coverage on shares of Lionsgate Studios in a report on Monday, July 28th. They issued a "buy" rating and a $8.50 price objective on the stock. Citigroup cut their price target on shares of Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Wells Fargo & Company initiated coverage on shares of Lionsgate Studios in a report on Tuesday, August 5th. They issued an "overweight" rating and a $9.00 target price on the stock. TD Cowen initiated coverage on shares of Lionsgate Studios in a report on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 target price on the stock. Finally, Baird R W upgraded shares of Lionsgate Studios to a "strong-buy" rating in a report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Lionsgate Studios presently has an average rating of "Moderate Buy" and a consensus price target of $8.75.

Lionsgate Studios Trading Down 0.7%

Shares of LION stock traded down $0.05 during trading hours on Tuesday, reaching $6.81. 2,155,832 shares of the stock were exchanged, compared to its average volume of 2,515,340. Lionsgate Studios Corp. has a 12-month low of $5.55 and a 12-month high of $8.50. The company's 50-day moving average price is $6.47 and its 200-day moving average price is $7.11. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -10.16 and a beta of -0.22.

Lionsgate Studios (NYSE:LION - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.18). On average, sell-side analysts expect that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

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.