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

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) major shareholder Liberty 77 Capital L.P. acquired 487,400 shares of Lionsgate Studios stock in a transaction dated Tuesday, June 17th. The shares were bought at an average price of $5.95 per share, for a total transaction of $2,900,030.00. Following the transaction, the insider now owns 36,476,036 shares of the company's stock, valued at approximately $217,032,414.20. The trade was a 1.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's stock 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. acquired 420,234 shares of Lionsgate Studios stock. The shares were bought at an average price of $5.65 per share, for a total transaction of $2,374,322.10.

Lionsgate Studios Price Performance

Shares of LION stock remained flat at $5.77 on Friday. 3,327,717 shares of the company were exchanged, compared to its average volume of 2,731,035. The stock's 50-day simple moving average is $7.28 and its two-hundred day simple moving average is $8.19. Lionsgate Studios Corp. has a 1 year low of $5.60 and a 1 year high of $8.50. The stock has a market capitalization of $1.67 billion and a P/E ratio of -13.42.

Lionsgate Studios (NYSE:LION - Get Free Report) last posted 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 company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, research analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on LION. JPMorgan Chase & Co. upgraded shares of Lionsgate Studios from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $8.00 to $9.00 in a research report on Monday, March 31st. TD Cowen began coverage on shares of Lionsgate Studios in a research report on Tuesday, June 3rd. They set a "hold" rating and a $8.00 price objective on the stock. Raymond James Financial began coverage on shares of Lionsgate Studios in a research report on Tuesday, May 20th. They set an "outperform" rating and a $10.00 price objective on the stock. Loop Capital began coverage on shares of Lionsgate Studios in a research report on Wednesday, June 4th. They set a "hold" rating and a $8.00 price objective on the stock. Finally, Wall Street Zen raised shares of Lionsgate Studios from a "hold" rating to a "buy" rating in a report 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $8.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nexpoint Asset Management L.P. boosted its stake in 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 during the period. Trexquant Investment LP purchased a new position in Lionsgate Studios during the first quarter worth $81,000. EntryPoint Capital LLC boosted its stake in Lionsgate Studios by 60.9% during the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company's stock worth $275,000 after buying an additional 13,910 shares during the period. OMERS ADMINISTRATION Corp boosted its stake 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 period. Finally, Jane Street Group LLC purchased a new position in Lionsgate Studios during the first quarter worth $825,000.

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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