Deutsche Bank AG Makes New $3.33 Million Investment in Lionsgate Studios Corp. $LION

Key Points

• Deutsche Bank acquired 217,230 Lionsgate Studios shares in the second quarter, valued at approximately $3.33 million and representing about 0.07% of the company.
• Analyst sentiment remains generally positive, with six Buy, three Hold and one Sell rating. The consensus is a “Moderate Buy” rating and a $15.57 price target.
• Lionsgate reported quarterly EPS of $0.06, beating the $0.08-per-share loss expected, while revenue of $776.6 million exceeded the $703.1 million consensus estimate.

Deutsche Bank AG acquired a new position in Lionsgate Studios Corp. (NYSE:LION - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 217,230 shares of the company's stock, valued at approximately $3,326,000. Deutsche Bank AG owned about 0.07% of Lionsgate Studios as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Osaic Holdings Inc. raised its position in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock valued at $29,000 after buying an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in Lionsgate Studios during the 3rd quarter worth $38,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lionsgate Studios in the 4th quarter worth $44,000. Farther Finance Advisors LLC raised its holdings in shares of Lionsgate Studios by 4,457.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company's stock valued at $55,000 after purchasing an additional 5,839 shares during the last quarter. Finally, Walleye Trading LLC purchased a new stake in shares of Lionsgate Studios in the second quarter valued at about $60,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LION shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research report on Thursday, August 6th. B. Riley Financial dropped their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, August 10th. Seaport Research Partners restated a "buy" rating and issued a $17.00 target price on shares of Lionsgate Studios in a research note on Friday, August 7th. Wall Street Zen lowered Lionsgate Studios from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Finally, Robert W. Baird increased their price target on Lionsgate Studios from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Wednesday, June 17th. Six equities research 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.57.

Lionsgate Studios Stock Performance

LION opened at $11.54 on Thursday. The firm has a market cap of $3.43 billion, a P/E ratio of -27.48 and a beta of 0.72. The firm has a 50-day moving average of $13.45 and a 200 day moving average of $11.96. Lionsgate Studios Corp. has a fifty-two week low of $5.88 and a fifty-two week high of $16.70.

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