Anson Funds Management LP Purchases 375,409 Shares of Lionsgate Studios Corp. $LION

Key Points

• Anson Funds Management LP raised its stake in Lionsgate Studios Corp. by 11.9%, now owning approximately 3.5 million shares valued at $26.4 million, making it the firm's 4th largest holding.
• Insider trading activity includes major shareholder Liberty 77 Capital L.P. acquiring 72,089 shares in July, increasing their ownership by 0.19% to a total of over 37.5 million shares.
• Equities analysts have mixed opinions on the stock, with price targets ranging from $8.00 to $10.00 and an overall consensus rating of "Moderate Buy".

Anson Funds Management LP grew its holdings in Lionsgate Studios Corp. (NYSE:LION - Free Report) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,538,500 shares of the company's stock after purchasing an additional 375,409 shares during the quarter. Lionsgate Studios comprises about 4.0% of Anson Funds Management LP's investment portfolio, making the stock its 4th largest position. Anson Funds Management LP owned 1.23% of Lionsgate Studios worth $26,433,000 at the end of the most recent quarter.

Separately, EntryPoint Capital LLC increased its holdings in shares of 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 acquiring an additional 13,910 shares in the last quarter.

Insider Activity at Lionsgate Studios

In other Lionsgate Studios news, major shareholder Liberty 77 Capital L.P. bought 72,089 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were bought at an average price of $5.59 per share, for a total transaction 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 trade represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders bought 1,559,489 shares of company stock worth $8,950,186. 9.40% of the stock is owned by corporate insiders.

Lionsgate Studios Stock Performance

Shares of Lionsgate Studios stock traded up $0.06 during trading on Friday, reaching $6.43. 501,033 shares of the company's stock were exchanged, compared to its average volume of 2,415,286. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $8.50. The company has a market cap of $1.86 billion, a P/E ratio of -9.60 and a beta of -0.25. The firm's 50-day moving average price is $6.17 and its 200 day moving average price is $7.52.

Lionsgate Studios (NYSE:LION - Get Free Report) last posted 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). As a group, equities research analysts predict that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Lionsgate Studios from a "hold" rating to a "sell" rating in a report on Sunday, August 10th. Wells Fargo & Company assumed coverage on Lionsgate Studios in a research report on Tuesday, August 5th. They set an "overweight" rating and a $9.00 price target for the company. Wolfe Research assumed coverage on Lionsgate Studios in a research report on Tuesday, July 29th. They set a "peer perform" rating for the company. TD Cowen assumed coverage on Lionsgate Studios in a research report on Tuesday, June 3rd. They set a "hold" rating and a $8.00 price target for the company. Finally, Benchmark started coverage on Lionsgate Studios in a research report on Monday, July 28th. They set a "buy" rating and a $8.50 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.83.

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.