Liberty 77 Capital L.P. Purchases 420,234 Shares of Lionsgate Studios Corp. (NYSE:LION) Stock

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) major shareholder Liberty 77 Capital L.P. acquired 420,234 shares of the company's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $5.65 per share, for a total transaction of $2,374,322.10. Following the acquisition, the insider now directly owns 36,896,270 shares of the company's stock, valued at approximately $208,463,925.50. This trade represents a 1.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 Tuesday, June 17th, Liberty 77 Capital L.P. bought 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 Stock Up 5.9%

NYSE LION traded up $0.34 on Monday, reaching $6.10. The company had a trading volume of 2,308,730 shares, compared to its average volume of 2,666,075. The company's fifty day moving average is $7.28 and its 200 day moving average is $8.19. Lionsgate Studios Corp. has a 52-week low of $5.60 and a 52-week high of $8.50. The stock has a market capitalization of $1.76 billion and a P/E ratio of -14.19.

Lionsgate Studios (NYSE:LION - Get Free Report) last released its quarterly 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, research analysts expect that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LION shares. TD Cowen initiated coverage on Lionsgate Studios in a report on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 price target on the stock. Rosenblatt Securities lowered their target price on Lionsgate Studios from $13.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, June 4th. Citigroup reduced their price target on shares of Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Morgan Stanley decreased their price target on shares of Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised shares of 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 given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.86.

Hedge Funds Weigh In On Lionsgate Studios

Several hedge funds have recently modified their holdings of LION. EntryPoint Capital LLC increased its position in shares of Lionsgate Studios by 60.9% during the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company's stock valued at $275,000 after purchasing an additional 13,910 shares during the last quarter. Anson Funds Management LP grew its position in Lionsgate Studios by 11.9% during the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock valued at $26,433,000 after buying an additional 375,409 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in 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. Trexquant Investment LP bought a new stake in Lionsgate Studios in the first quarter worth about $81,000. Finally, Alpine Global Management LLC raised its position in Lionsgate Studios by 570.9% in the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock worth $1,656,000 after acquiring an additional 188,700 shares during the period.

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.