Lionsgate Studios (NYSE:LION) Trading Up 10.6% - Still a Buy?

Key Points

• Lionsgate Studios' stock surged 10.6% during trading on Thursday, reaching a last traded price of $7.31, with trading volume significantly exceeding the average.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with a price target averaging $8.75 from various equity research firms.
• Insider activity shows that major shareholder Liberty 77 Capital L.P. purchased 500,000 shares at $5.63 each, increasing their ownership stake in the company.

Lionsgate Studios Corp. (NYSE:LION - Get Free Report)'s stock price was up 10.6% during trading on Thursday . The stock traded as high as $7.31 and last traded at $7.31. Approximately 4,081,858 shares traded hands during trading, an increase of 69% from the average daily volume of 2,421,415 shares. The stock had previously closed at $6.61.

Analyst Ratings Changes

Several equities research analysts recently commented on LION shares. Robert W. Baird started coverage on Lionsgate Studios in a report on Friday, September 5th. They set an "outperform" rating and a $8.00 target price on the stock. TD Cowen started coverage on Lionsgate Studios in a report on Tuesday, June 3rd. They set a "hold" rating and a $8.00 target price on the stock. Baird R W upgraded Lionsgate Studios to a "strong-buy" rating in a report on Friday, September 5th. Wells Fargo & Company initiated coverage on Lionsgate Studios in a research note on Tuesday, August 5th. They set an "overweight" rating and a $9.00 price objective for the company. Finally, Wolfe Research initiated coverage on Lionsgate Studios in a research note on Tuesday, July 29th. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $8.75.

Lionsgate Studios Trading Up 15.6%

The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -11.40 and a beta of -0.21. The business has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $7.29.

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

Insider Activity at Lionsgate Studios

In other news, major shareholder Liberty 77 Capital L.P. bought 500,000 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was bought at an average price of $5.63 per share, for a total transaction of $2,815,000.00. Following the transaction, the insider owned 37,476,036 shares in the company, valued at $210,990,082.68. The trade was a 1.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 1,559,489 shares of company stock valued at $8,950,186. 9.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its position in shares of Lionsgate Studios by 3.1% in the 2nd quarter. Jane Street Group LLC now owns 113,934 shares of the company's stock worth $662,000 after acquiring an additional 3,455 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of Lionsgate Studios in the 2nd quarter worth approximately $25,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Lionsgate Studios in the 2nd quarter worth approximately $26,000. Osaic Holdings Inc. lifted its holdings in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock worth $29,000 after purchasing an additional 4,852 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Lionsgate Studios in the 2nd quarter worth approximately $31,000.

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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