Traders Purchase Large Volume of Call Options on Lionsgate Studios (NYSE:LION)

Lionsgate Studios Corp. (NYSE:LION) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 14,274 call options on the company. This is an increase of 552% compared to the average daily volume of 2,190 call options.

Analyst Ratings Changes

A number of research firms have recently commented on LION. Morgan Stanley restated an “overweight” rating and issued a $15.00 price target on shares of Lionsgate Studios in a report on Thursday, August 6th. Citigroup assumed coverage on shares of Lionsgate Studios in a report on Monday, September 14th. They set a “market outperform” rating for the company. Zacks Research cut shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Thursday, October 15th. Finally, B. Riley Financial dropped their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.16.

Lionsgate Studios Stock Performance

LION traded down $0.19 during trading on Monday, hitting $14.05. 986,766 shares of the stock were exchanged, compared to its average volume of 3,094,068. The firm has a 50 day simple moving average of $11.55 and a 200 day simple moving average of $11.69. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of -175.62 and a beta of 0.59. Lionsgate Studios has a 1 year low of $6.47 and a 1 year high of $16.70.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, November 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.16. Lionsgate Studios had a negative return on equity of 4.45% and a negative net margin of 0.66%. The business had revenue of $668.80 million during the quarter. As a group, equities analysts anticipate that Lionsgate Studios will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of Lionsgate Studios

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Lionsgate Studios in the second quarter worth about $251,521,000. Wellington Management Group LLP bought a new position in Lionsgate Studios during the 2nd quarter worth about $113,683,000. Jefferies Financial Group Inc. purchased a new position in Lionsgate Studios during the 2nd quarter valued at about $88,896,000. Coastal Bridge Advisors LLC purchased a new position in Lionsgate Studios during the 2nd quarter valued at about $83,144,000. Finally, Cooper Creek Partners Management LLC purchased a new position in Lionsgate Studios during the 1st quarter valued at about $43,715,000.

Lionsgate Studios Company Profile

Lionsgate Studios is a film and television production and distribution company whose operations include Lionsgate’s motion picture and television studio businesses. Its activities span developing, producing, marketing and distributing films and television programs, as well as licensing content to platforms and broadcasters.

The company’s portfolio includes well-known franchises such as The Hunger Games, John Wick and Saw, along with a broad library of film and television titles.