Capstone Investment Advisors LLC Takes Position in Lionsgate Studios Corp. $LION

Key Points

• Capstone Investment Advisors acquired 407,000 Lionsgate Studios shares worth approximately $6.23 million, representing about 0.14% of the company. Other institutions, including Millennium Management and Goldman Sachs, also increased their positions.
• Lionsgate reported quarterly revenue of $776.6 million and EPS of $0.06, beating analyst estimates of $703.1 million in revenue and a loss of $0.08 per share.
• LION shares opened at $11.52, below the analyst consensus price target of $15.57. Analysts overall maintain a “Moderate Buy” rating, though recent recommendations range from outperform to hold and sell.

Capstone Investment Advisors LLC bought a new stake in shares of Lionsgate Studios Corp. (NYSE:LION - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 407,000 shares of the company's stock, valued at approximately $6,231,000. Capstone Investment Advisors LLC owned approximately 0.14% of Lionsgate Studios at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in Lionsgate Studios by 72.6% in the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after purchasing an additional 837,774 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Lionsgate Studios by 198.5% in the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock valued at $3,099,000 after buying an additional 275,839 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Lionsgate Studios during the 1st quarter valued at about $825,000. Envestnet Asset Management Inc. purchased a new stake in shares of Lionsgate Studios during the 2nd quarter valued at about $77,000. Finally, Creative Planning acquired a new position in Lionsgate Studios during the 2nd quarter worth approximately $117,000.

Lionsgate Studios Stock Performance

Shares of LION opened at $11.52 on Friday. The company has a market capitalization of $3.43 billion, a P/E ratio of -27.43 and a beta of 0.72. Lionsgate Studios Corp. has a one year low of $5.88 and a one year high of $16.70. The stock has a 50-day moving average price of $13.37 and a 200 day moving average price of $11.98.

Lionsgate Studios (NYSE:LION - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to analysts' expectations of $703.10 million. As a group, equities research analysts forecast that Lionsgate Studios Corp. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LION has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Lionsgate Studios from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Wednesday, June 17th. Barrington Research boosted their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 26th. Zacks Research cut shares of Lionsgate Studios from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Morgan Stanley restated an "overweight" rating and issued a $15.00 target price on shares of Lionsgate Studios in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Lionsgate Studios from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.57.

About Lionsgate Studios

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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