Credit Industriel ET Commercial Acquires 178,766 Shares of Lionsgate Studios Corp. $LION

Key Points

• Credit Industriel ET Commercial significantly increased its stake in Lionsgate Studios Corp. by 357.5% to a total of 228,766 shares, now valued at approximately $1.33 million.
• Lionsgate Studios Corp. reported a quarterly loss of ($0.34) earnings per share, missing the expected ($0.16) by ($0.18).
• Several analysts issued new ratings for Lionsgate, with Benchmark setting a $8.50 price objective and Wells Fargo & Company giving an "overweight" rating with a $9.00 target.

Credit Industriel ET Commercial grew its stake in Lionsgate Studios Corp. (NYSE:LION - Free Report) by 357.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228,766 shares of the company's stock after acquiring an additional 178,766 shares during the period. Credit Industriel ET Commercial owned 0.08% of Lionsgate Studios worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LION. EntryPoint Capital LLC raised its position in Lionsgate Studios by 60.9% in the 1st 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 last quarter. Anson Funds Management LP raised its holdings in Lionsgate Studios by 11.9% during the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock worth $26,433,000 after purchasing an additional 375,409 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Lionsgate Studios by 32.8% during the 1st 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 last quarter. Trexquant Investment LP bought a new stake in shares of Lionsgate Studios during the first quarter worth approximately $81,000. Finally, Alpine Global Management LLC raised its stake in shares of Lionsgate Studios by 570.9% during the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock worth $1,656,000 after buying an additional 188,700 shares during the last quarter.

Lionsgate Studios Stock Up 2.0%

LION opened at $6.09 on Tuesday. Lionsgate Studios Corp. has a 12 month low of $5.55 and a 12 month high of $8.50. The company has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $6.83. The stock has a market cap of $1.76 billion, a P/E ratio of -9.09 and a beta of -0.09.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LION shares. Wolfe Research started coverage on shares of Lionsgate Studios in a research note on Tuesday, July 29th. They set a "peer perform" rating for the company. Benchmark initiated coverage on Lionsgate Studios in a report on Monday, July 28th. They issued a "buy" rating and a $8.50 price objective for the company. Baird R W upgraded Lionsgate Studios to a "strong-buy" rating in a report on Friday, September 5th. Wells Fargo & Company assumed coverage on Lionsgate Studios in a report on Tuesday, August 5th. They issued an "overweight" rating and a $9.00 price objective for the company. Finally, Zacks Research raised Lionsgate Studios from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Lionsgate Studios currently has an average rating of "Moderate Buy" and an average target price of $8.75.

Lionsgate Studios Company Profile

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.

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