Lionsgate Studios Corp. (NYSE:LION) Short Interest Update

Key Points

• Lionsgate Studios Corp. experienced a notable increase in short interest, rising by 24.7% in August, bringing the total to 9,250,000 shares.
• Analysts have set a consensus price target of $8.75 for LION, with several firms issuing ratings including "buy" and "outperform".
• The company reported a quarterly loss of ($0.34) EPS, missing analysts' expectations by ($0.18).

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 9,250,000 shares, an increase of 24.7% from the August 15th total of 7,420,000 shares. Based on an average trading volume of 2,330,000 shares, the short-interest ratio is presently 4.0 days. Approximately 4.7% of the shares of the company are short sold. Approximately 4.7% of the shares of the company are short sold. Based on an average trading volume of 2,330,000 shares, the short-interest ratio is presently 4.0 days.

Lionsgate Studios Stock Performance

Shares of NYSE:LION traded up $0.01 during trading hours on Monday, hitting $6.87. 2,325,350 shares of the company's stock traded hands, compared to its average volume of 2,641,503. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $8.50. The company's fifty day simple moving average is $6.47 and its two-hundred day simple moving average is $7.11. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -10.25 and a beta of -0.22.

Lionsgate Studios (NYSE:LION - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.18). On average, analysts anticipate that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Lionsgate Studios

In other news, major shareholder Liberty 77 Capital L.P. acquired 72,089 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The shares were acquired at an average price of $5.59 per share, with a total value of $402,977.51. Following the acquisition, the insider directly owned 37,548,125 shares in the company, valued at approximately $209,894,018.75. The trade was a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 651,855 shares of company stock valued at $3,675,834.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its position in shares of Lionsgate Studios by 3.1% in the second quarter. Jane Street Group LLC now owns 113,934 shares of the company's stock worth $662,000 after purchasing an additional 3,455 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Lionsgate Studios in the second quarter worth approximately $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Lionsgate Studios in the second quarter worth approximately $26,000. Osaic Holdings Inc. lifted its position in shares of Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock worth $29,000 after purchasing an additional 4,852 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Lionsgate Studios in the second quarter worth approximately $31,000.

Analysts Set New Price Targets

Several research firms have commented on LION. Robert W. Baird began coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They set an "outperform" rating and a $8.00 target price on the stock. Baird R W raised shares of Lionsgate Studios to a "strong-buy" rating in a research note on Friday, September 5th. Rosenblatt Securities lowered their target price on shares of Lionsgate Studios from $13.00 to $9.00 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. 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 note on Thursday, May 29th. Finally, Loop Capital started coverage on shares of Lionsgate Studios in a research note on Wednesday, June 4th. They set a "hold" rating and a $8.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $8.75.

About Lionsgate Studios

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.