Tremblant Capital Group Has $10.89 Million Position in Lionsgate Studios Corp. $LION

Tremblant Capital Group cut its stake in Lionsgate Studios Corp. (NYSE:LION) by 11.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,578,587 shares of the company’s stock after selling 211,383 shares during the period. Tremblant Capital Group’s holdings in Lionsgate Studios were worth $10,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Osaic Holdings Inc. boosted its holdings in shares of Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after buying an additional 4,852 shares during the period. KBC Group NV bought a new position in Lionsgate Studios in the 2nd quarter valued at about $37,000. Walleye Trading LLC bought a new position in Lionsgate Studios in the 2nd quarter valued at about $60,000. State of Alaska Department of Revenue acquired a new stake in Lionsgate Studios during the third quarter worth approximately $63,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in Lionsgate Studios during the second quarter worth approximately $70,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Benchmark upped their target price on Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company lifted their price target on Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Wall Street Zen downgraded Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Barrington Research reaffirmed an “outperform” rating and issued a $11.50 price objective on shares of Lionsgate Studios in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.86.

Insider Transactions at Lionsgate Studios

In related news, insider Michael Raymond Burns sold 21,748 shares of Lionsgate Studios stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total value of $195,949.48. Following the transaction, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 32.10% of the stock is owned by company insiders.

Lionsgate Studios Stock Down 1.3%

Shares of Lionsgate Studios stock opened at $9.73 on Friday. Lionsgate Studios Corp. has a 12-month low of $5.55 and a 12-month high of $11.02. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -11.45 and a beta of -0.39. The firm’s 50-day moving average price is $9.14 and its two-hundred day moving average price is $7.80.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $724.30 million for the quarter, compared to the consensus estimate of $706.03 million. On average, sell-side analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share for the current 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.