Liberty 77 Capital L.P. Acquires 72,089 Shares of Lionsgate Studios Corp. (NYSE:LION) Stock

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) major shareholder Liberty 77 Capital L.P. acquired 72,089 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were acquired at an average price of $5.59 per share, for a total transaction of $402,977.51. Following the acquisition, the insider directly owned 37,548,125 shares of the company's stock, valued at approximately $209,894,018.75. The trade was a 0.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock 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. acquired 500,000 shares of Lionsgate Studios stock. The shares were acquired at an average price of $5.63 per share, for a total transaction of $2,815,000.00.
• On Thursday, June 26th, Liberty 77 Capital L.P. acquired 79,766 shares of Lionsgate Studios stock. The shares were acquired at an average price of $5.74 per share, for a total transaction of $457,856.84.
• On Friday, June 20th, Liberty 77 Capital L.P. acquired 420,234 shares of Lionsgate Studios stock. The shares were acquired at an average price of $5.65 per share, for a total transaction of $2,374,322.10.
• On Tuesday, June 17th, Liberty 77 Capital L.P. acquired 487,400 shares of Lionsgate Studios stock. The shares were acquired at an average price of $5.95 per share, for a total transaction of $2,900,030.00.

Lionsgate Studios Trading Up 8.6%

NYSE:LION traded up $0.50 during mid-day trading on Friday, hitting $6.34. The company had a trading volume of 4,696,971 shares, compared to its average volume of 2,494,974. The business has a fifty day simple moving average of $6.61 and a 200-day simple moving average of $7.98. Lionsgate Studios Corp. has a 1 year low of $5.55 and a 1 year high of $8.50. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -14.74 and a beta of -0.27.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in shares of Lionsgate Studios by 72.6% during the first 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 last quarter. Anson Funds Management LP increased its position in shares of Lionsgate Studios by 11.9% during the first 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 last quarter. Goldman Sachs Group Inc. increased its position in shares of Lionsgate Studios by 198.5% during the first 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 last quarter. Alpine Global Management LLC increased its position in shares of Lionsgate Studios by 570.9% during 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 last quarter. Finally, Congress Park Capital LLC purchased a new stake in shares of Lionsgate Studios during the second quarter worth about $1,043,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Loop Capital assumed coverage on Lionsgate Studios in a report on Wednesday, June 4th. They set a "hold" rating and a $8.00 price objective on the stock. Morgan Stanley cut their target price on Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Rosenblatt Securities cut 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. TD Cowen assumed coverage on Lionsgate Studios in a research report on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 target price on the stock. Finally, Citigroup cut their target price on Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. 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's stock. According to MarketBeat.com, the company presently has an average 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.