KLP Kapitalforvaltning AS bought a new stake in Lionsgate Studios Corp. (NYSE:LION - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 44,432 shares of the company's stock, valued at approximately $258,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Investors Research Corp acquired a new position in shares of Lionsgate Studios in the second quarter valued at approximately $47,000. Trexquant Investment LP acquired a new position in shares of Lionsgate Studios in the first quarter valued at approximately $81,000. 111 Capital acquired a new position in shares of Lionsgate Studios in the second quarter valued at approximately $66,000. RVW Wealth LLC acquired a new position in shares of Lionsgate Studios in the second quarter valued at approximately $97,000. Finally, EntryPoint Capital LLC boosted its stake 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 valued at $275,000 after buying an additional 13,910 shares during the period.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on LION. Benchmark began coverage on Lionsgate Studios in a research note on Monday, July 28th. They issued a "buy" rating and a $8.50 price target for the company. Wall Street Zen cut Lionsgate Studios from a "hold" rating to a "sell" rating in a research note on Sunday, August 10th. Wolfe Research began coverage on Lionsgate Studios in a research note on Tuesday, July 29th. They issued a "peer perform" rating for the company. Robert W. Baird started coverage on Lionsgate Studios in a research note on Friday, September 5th. They issued an "outperform" rating and a $8.00 price target for the company. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lionsgate Studios currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.75.
Read Our Latest Stock Analysis on LION
Lionsgate Studios Trading Up 1.9%
Shares of LION stock opened at $6.02 on Tuesday. The business's 50-day moving average price is $6.52 and its 200-day moving average price is $6.74. Lionsgate Studios Corp. has a 12 month low of $5.55 and a 12 month high of $8.50. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -8.99 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) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.18). On average, sell-side analysts predict that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.
Lionsgate Studios Profile
(
Free Report)
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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