Lionsgate Studios Corp. (NYSE:LION) Major Shareholder Purchases $402,977.51 in Stock

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) major shareholder Liberty 77 Capital L.P. bought 72,089 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was bought at an average cost of $5.59 per share, with a total value of $402,977.51. Following the completion of the acquisition, the insider owned 37,548,125 shares of the company's stock, valued at $209,894,018.75. This represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, July 7th, Liberty 77 Capital L.P. bought 500,000 shares of Lionsgate Studios stock. The stock was bought at an average cost of $5.63 per share, with a total value of $2,815,000.00.
• On Thursday, June 26th, Liberty 77 Capital L.P. bought 79,766 shares of Lionsgate Studios stock. The stock was bought at an average cost of $5.74 per share, with a total value of $457,856.84.
• On Friday, June 20th, Liberty 77 Capital L.P. bought 420,234 shares of Lionsgate Studios stock. The stock was bought at an average cost of $5.65 per share, with a total value of $2,374,322.10.
• On Tuesday, June 17th, Liberty 77 Capital L.P. bought 487,400 shares of Lionsgate Studios stock. The stock was bought at an average cost of $5.95 per share, with a total value of $2,900,030.00.

Lionsgate Studios Stock Performance

NYSE LION traded up $0.22 during mid-day trading on Thursday, reaching $5.83. 1,718,407 shares of the stock were exchanged, compared to its average volume of 1,994,600. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $8.50. The business's fifty day simple moving average is $6.61 and its 200 day simple moving average is $7.98. The stock has a market capitalization of $1.68 billion, a PE ratio of -13.56 and a beta of -0.27.

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

Hedge Funds Weigh In On Lionsgate Studios

Hedge funds and other institutional investors have recently made changes to their positions in the business. Investors Research Corp acquired a new position in shares of Lionsgate Studios during the 2nd quarter valued at $47,000. Trexquant Investment LP acquired a new position in shares of Lionsgate Studios during the 1st quarter valued at $81,000. EntryPoint Capital LLC lifted its holdings 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 acquiring an additional 13,910 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in Lionsgate Studios by 32.8% during the 1st 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, Nexpoint Asset Management L.P. lifted its holdings in Lionsgate Studios by 11.8% in the 1st 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Lionsgate Studios from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley dropped their price objective 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. Citigroup dropped their price objective on shares of Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. JPMorgan Chase & Co. raised shares of Lionsgate Studios from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $8.00 to $9.00 in a research note on Monday, March 31st. Finally, Loop Capital assumed coverage on shares of Lionsgate Studios in a research note on Wednesday, June 4th. They set a "hold" rating and a $8.00 price objective for the company. Three research 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.