Capstone Investment Advisors LLC Acquires New Position in Lionsgate Studios Corp. $LION

Capstone Investment Advisors LLC acquired a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 407,000 shares of the company’s stock, valued at approximately $6,231,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Lionsgate Studios in the 2nd quarter valued at approximately $251,521,000. Jericho Capital Asset Management L.P. bought a new position in Lionsgate Studios during the fourth quarter worth $51,119,000. Cooper Creek Partners Management LLC acquired a new position in Lionsgate Studios in the first quarter worth $43,715,000. Anson Funds Management LP boosted its holdings in Lionsgate Studios by 36.3% in the fourth quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock worth $87,255,000 after purchasing an additional 2,543,352 shares during the period. Finally, Avala Global LP acquired a new position in Lionsgate Studios in the second quarter worth $27,357,000.

Lionsgate Studios Stock Performance

LION opened at $11.52 on Friday. The stock’s fifty day moving average is $13.37 and its 200-day moving average is $11.98. Lionsgate Studios Corp. has a one year low of $5.88 and a one year high of $16.70. The company has a market capitalization of $3.43 billion, a PE ratio of -27.43 and a beta of 0.72.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to the consensus estimate of $703.10 million. On average, equities research analysts forecast that Lionsgate Studios Corp. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LION has been the subject of several recent research reports. B. Riley Financial lowered their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Benchmark lifted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Barrington Research boosted their price objective on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.57.

About Lionsgate Studios

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.