Liberty 77 Capital L.P. Buys 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. bought 420,234 shares of Lionsgate Studios stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average cost of $5.65 per share, with a total value of $2,374,322.10. Following the acquisition, the insider now directly owns 36,896,270 shares in the company, valued at $208,463,925.50. This trade represents a 1.15% 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 Tuesday, June 17th, Liberty 77 Capital L.P. bought 487,400 shares of Lionsgate Studios stock. The shares were bought at an average cost of $5.95 per share, with a total value of $2,900,030.00.

Lionsgate Studios Price Performance

NYSE LION remained flat at $5.77 during trading on Friday. 3,327,717 shares of the company's stock were exchanged, compared to its average volume of 2,731,035. The stock has a market cap of $1.67 billion and a price-to-earnings ratio of -13.42. Lionsgate Studios Corp. has a 52-week low of $5.60 and a 52-week high of $8.50. The company has a 50 day moving average of $7.28 and a 200 day moving average of $8.19.

Lionsgate Studios (NYSE:LION - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.19 billion. As a group, research analysts anticipate that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lionsgate Studios

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Anson Funds Management LP lifted its holdings in shares of Lionsgate Studios by 11.9% during the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock worth $26,433,000 after acquiring an additional 375,409 shares during the period. Millennium Management LLC lifted its holdings in shares of 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 during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Lionsgate Studios by 198.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock worth $3,099,000 after acquiring an additional 275,839 shares during the period. Alpine Global Management LLC lifted its holdings in shares of Lionsgate Studios by 570.9% during the 1st 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. Finally, Jane Street Group LLC bought a new stake in shares of Lionsgate Studios during the 1st quarter worth approximately $825,000.

Wall Street Analyst Weigh In

LION has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Lionsgate Studios from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $8.00 to $9.00 in a report on Monday, March 31st. Wall Street Zen raised shares of Lionsgate Studios from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Citigroup reduced their target price on shares of Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, May 29th. TD Cowen initiated coverage on shares of Lionsgate Studios in a report on Tuesday, June 3rd. They set a "hold" rating and a $8.00 target price for the company. Finally, Morgan Stanley cut their price objective on shares of Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.86.

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.

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