Liberty 77 Capital L.P. Purchases 79,766 Shares of Lionsgate Studios Corp. (NYSE:LION) Stock

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) major shareholder Liberty 77 Capital L.P. bought 79,766 shares of Lionsgate Studios stock in a transaction that occurred on Thursday, June 26th. The shares were bought at an average cost of $5.74 per share, with a total value of $457,856.84. Following the acquisition, the insider directly owned 36,976,036 shares in the company, valued at $212,242,446.64. This trade represents a 0.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Liberty 77 Capital L.P. also recently made the following trade(s):

• On Friday, June 20th, Liberty 77 Capital L.P. bought 420,234 shares of Lionsgate Studios stock. The shares were purchased at an average price of $5.65 per share, for a total transaction of $2,374,322.10.
• On Tuesday, June 17th, Liberty 77 Capital L.P. purchased 487,400 shares of Lionsgate Studios stock. The stock was purchased at an average price of $5.95 per share, with a total value of $2,900,030.00.

Lionsgate Studios Trading Up 0.9%

Lionsgate Studios stock traded up $0.05 during trading hours on Thursday, reaching $5.85. 906,508 shares of the stock were exchanged, compared to its average volume of 2,484,716. The stock has a 50 day moving average of $6.95 and a two-hundred day moving average of $8.07. The company has a market cap of $1.69 billion, a P/E ratio of -13.60 and a beta of -0.27. Lionsgate Studios Corp. has a twelve month low of $5.60 and a twelve month high of $8.50.

Lionsgate Studios (NYSE:LION - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.19 billion. On average, analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Trexquant Investment LP bought a new stake in shares of Lionsgate Studios during the 1st quarter valued at approximately $81,000. EntryPoint Capital LLC boosted its position in 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 in the last quarter. OMERS ADMINISTRATION Corp grew its stake in shares of Lionsgate Studios by 32.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company's stock worth $598,000 after buying an additional 19,740 shares during the last quarter. Nexpoint Asset Management L.P. increased its holdings in shares of Lionsgate Studios by 11.8% during the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company's stock worth $660,000 after buying an additional 9,300 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Lionsgate Studios during the first quarter worth $825,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Raymond James Financial initiated coverage on shares of Lionsgate Studios in a research note on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 price objective for the company. TD Cowen assumed coverage on shares of Lionsgate Studios in a research report on Tuesday, June 3rd. They set a "hold" rating and a $8.00 target price on the stock. Loop Capital assumed coverage on shares of Lionsgate Studios in a report on Wednesday, June 4th. They set a "hold" rating and a $8.00 target price on the stock. Finally, Wall Street Zen upgraded Lionsgate Studios from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lionsgate Studios has an average rating of "Moderate Buy" and a consensus price target of $8.86.

About Lionsgate Studios

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.