349,743 Shares in Lionsgate Studios Corp. $LION Purchased by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 349,743 shares of Lionsgate Studios in the second quarter, valued at approximately $5.36 million and representing about 0.12% of the company.
• Analyst sentiment is generally positive, with six Buy ratings, three Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $15.57.
• Lionsgate Studios exceeded quarterly expectations, reporting $0.06 EPS versus an anticipated loss of $0.08 and revenue of $776.6 million versus estimates of $703.1 million. Shares opened at $11.34, below the consensus target.

Jupiter Topco LLC acquired a new position in Lionsgate Studios Corp. (NYSE:LION - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 349,743 shares of the company's stock, valued at approximately $5,356,000. Jupiter Topco LLC owned approximately 0.12% of Lionsgate Studios as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of LION. New York State Common Retirement Fund grew its holdings in shares of Lionsgate Studios by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 53,587 shares of the company's stock valued at $489,000 after acquiring an additional 1,200 shares in the last quarter. Cresset Asset Management LLC grew its stake in Lionsgate Studios by 2.9% in the 3rd quarter. Cresset Asset Management LLC now owns 60,924 shares of the company's stock valued at $420,000 after purchasing an additional 1,743 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Lionsgate Studios by 10.0% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,925 shares of the company's stock valued at $191,000 after purchasing an additional 1,900 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Lionsgate Studios by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 37,454 shares of the company's stock worth $342,000 after purchasing an additional 2,410 shares during the period. Finally, CWM LLC boosted its holdings in shares of Lionsgate Studios by 51.6% in the 4th quarter. CWM LLC now owns 9,291 shares of the company's stock worth $85,000 after buying an additional 3,161 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LION. Weiss Ratings restated a "sell (d-)" rating on shares of Lionsgate Studios in a report on Friday, July 17th. Morgan Stanley reissued an "overweight" rating and set a $15.00 target price on shares of Lionsgate Studios in a research report on Thursday, August 6th. Wall Street Zen raised shares of Lionsgate Studios from a "hold" rating to a "buy" rating in a report on Saturday. B. Riley Financial reduced their price objective on Lionsgate Studios from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, August 10th. Finally, Robert W. Baird boosted their target price on Lionsgate Studios from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Wednesday, June 17th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lionsgate Studios presently has an average rating of "Moderate Buy" and a consensus price target of $15.57.

Lionsgate Studios Stock Down 0.5%

Shares of NYSE LION opened at $11.34 on Tuesday. The company has a market cap of $3.37 billion, a P/E ratio of -27.00 and a beta of 0.73. Lionsgate Studios Corp. has a 52 week low of $5.88 and a 52 week high of $16.70. The business has a 50-day simple moving average of $13.21 and a two-hundred day simple moving average of $12.01.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.14. The firm had revenue of $776.60 million during the quarter, compared to analysts' expectations of $703.10 million. Equities research analysts anticipate that Lionsgate Studios Corp. will post 0.04 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.

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