Lionsgate Studios Corp. $LION Shares Sold by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital trimmed its stake in Lionsgate by 7.8%, selling 91,412 shares and now holding 1,077,502 shares (about 0.37% of the company, ~$9.84M), while other institutions like Anson, Millennium and Invesco materially increased their positions (Invesco added 1,126,478 shares, +164.4%).
• Lionsgate reported quarterly EPS of -$0.07, missing estimates by $0.05 but beating revenue at $724.3M; analysts project a full-year EPS of -0.53.
• Shares opened at $12.67 (near a one‑year high of $12.81) and the consensus rating is a Hold with an average target of $11.71, although several firms have raised price targets and issued overweight/outperform ratings.

Kornitzer Capital Management Inc. KS trimmed its position in shares of Lionsgate Studios Corp. (NYSE:LION - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,077,502 shares of the company's stock after selling 91,412 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.37% of Lionsgate Studios worth $9,838,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Anson Funds Management LP grew its holdings in Lionsgate Studios by 5.7% during the 3rd quarter. Anson Funds Management LP now owns 7,013,596 shares of the company's stock valued at $48,394,000 after purchasing an additional 379,388 shares in the last quarter. Millennium Management LLC grew its holdings in Lionsgate Studios by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock worth $14,877,000 after acquiring an additional 837,774 shares in the last quarter. Invesco Ltd. grew its holdings in Lionsgate Studios by 164.4% during the 3rd quarter. Invesco Ltd. now owns 1,811,579 shares of the company's stock worth $12,500,000 after acquiring an additional 1,126,478 shares in the last quarter. Royce & Associates LP grew its holdings in Lionsgate Studios by 2.1% during the 3rd quarter. Royce & Associates LP now owns 1,395,462 shares of the company's stock worth $9,629,000 after acquiring an additional 28,700 shares in the last quarter. Finally, Ratan Capital Management LP acquired a new position in Lionsgate Studios during the 3rd quarter worth $9,142,000.

Lionsgate Studios Stock Performance

Lionsgate Studios stock opened at $12.67 on Friday. The firm's 50-day moving average is $10.15 and its 200-day moving average is $8.71. Lionsgate Studios Corp. has a 1 year low of $5.55 and a 1 year high of $12.81. The company has a market cap of $3.68 billion, a P/E ratio of -14.91 and a beta of 0.56.

Lionsgate Studios (NYSE:LION - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). The firm had revenue of $724.30 million for the quarter, compared to the consensus estimate of $706.03 million. As a group, sell-side analysts predict that Lionsgate Studios Corp. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LION has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Lionsgate Studios from $9.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, January 30th. Zacks Research raised shares of Lionsgate Studios from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Wall Street Zen lowered shares of Lionsgate Studios from a "hold" rating to a "sell" rating in a report on Sunday, April 26th. Morgan Stanley raised their price objective on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Barrington Research raised their price objective on shares of Lionsgate Studios from $11.50 to $14.50 and gave the stock an "outperform" rating in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $11.71.

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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