Huber Capital Management LLC Cuts Stake in Lionsgate Studios Corp. $LION

Huber Capital Management LLC cut its stake in shares of Lionsgate Studios Corp. (NYSE:LION) by 23.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,870 shares of the company’s stock after selling 80,815 shares during the quarter. Huber Capital Management LLC’s holdings in Lionsgate Studios were worth $1,828,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in 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 in the last quarter. KBC Group NV bought a new stake in Lionsgate Studios during the 2nd quarter valued at about $37,000. State of Alaska Department of Revenue purchased a new position in Lionsgate Studios in the third quarter worth about $63,000. Walleye Trading LLC bought a new position in shares of Lionsgate Studios in the second quarter worth approximately $60,000. Finally, Orion Porfolio Solutions LLC bought a new position in shares of Lionsgate Studios in the second quarter worth approximately $70,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Benchmark increased their target price on Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Morgan Stanley restated an “overweight” rating and issued a $11.00 price target on shares of Lionsgate Studios in a research note on Friday, February 6th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $11.50 price target on shares of Lionsgate Studios in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.86.

Insider Buying and Selling

In related news, insider Michael Raymond Burns sold 21,748 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total transaction of $195,949.48. Following the completion of the sale, the insider owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 32.10% of the company’s stock.

Lionsgate Studios Trading Up 0.6%

NYSE:LION traded up $0.06 during trading hours on Friday, reaching $9.92. The company had a trading volume of 52,920 shares, compared to its average volume of 2,680,608. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of -11.67 and a beta of -0.39. The firm’s 50 day moving average price is $9.13 and its 200-day moving average price is $7.78. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $11.02.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $724.30 million during the quarter, compared to analysts’ expectations of $706.03 million. On average, analysts forecast that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Lionsgate Studios Profile

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.