Lionsgate Studios Corp. (NYSE:LION) Major Shareholder Acquires $2,900,030.00 in Stock

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) major shareholder Liberty 77 Capital L.P. purchased 487,400 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was bought at an average cost of $5.95 per share, for a total transaction of $2,900,030.00. Following the completion of the purchase, the insider now directly owns 36,476,036 shares of the company's stock, valued at $217,032,414.20. The trade was a 1.35% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 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 stock was acquired at an average price of $5.65 per share, with a total value of $2,374,322.10.

Lionsgate Studios Stock Up 5.9%

NYSE LION traded up $0.34 during trading on Monday, hitting $6.10. The company's stock had a trading volume of 2,308,730 shares, compared to its average volume of 2,666,075. The firm has a market cap of $1.76 billion and a P/E ratio of -14.19. Lionsgate Studios Corp. has a 52 week low of $5.60 and a 52 week high of $8.50. The firm has a 50 day moving average price of $7.28 and a 200 day moving average price of $8.19.

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

Analyst Ratings Changes

Several equities analysts have commented on LION shares. Citigroup lowered their target price on shares of Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Raymond James Financial started coverage on Lionsgate Studios in a report on Tuesday, May 20th. They set an "outperform" rating and a $10.00 price objective on the stock. Loop Capital initiated coverage on Lionsgate Studios in a research note on Wednesday, June 4th. They issued a "hold" rating and a $8.00 price objective on the stock. TD Cowen began coverage on Lionsgate Studios in a report on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded Lionsgate Studios from an "underweight" rating to a "neutral" rating and increased their price target for the company from $8.00 to $9.00 in a report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lionsgate Studios currently has an average rating of "Moderate Buy" and an average price target of $8.86.

Institutional Investors Weigh In On Lionsgate Studios

A number of institutional investors have recently added to or reduced their stakes in LION. Millennium Management LLC increased its holdings in Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after buying an additional 837,774 shares during the period. Goldman Sachs Group Inc. boosted its position 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 valued at $3,099,000 after acquiring an additional 275,839 shares in the last quarter. Jane Street Group LLC bought a new stake in Lionsgate Studios in the first quarter valued at about $825,000. Trexquant Investment LP bought a new stake in Lionsgate Studios in the first quarter valued at about $81,000. Finally, Nexpoint Asset Management L.P. raised its position in Lionsgate Studios by 11.8% in the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company's stock worth $660,000 after purchasing an additional 9,300 shares in the last quarter.

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.