Credit Industriel ET Commercial Acquires 103,859 Shares of Lionsgate Studios Corp. $LION

Credit Industriel ET Commercial grew its holdings in Lionsgate Studios Corp. (NYSE:LION) by 45.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,625 shares of the company’s stock after acquiring an additional 103,859 shares during the period. Credit Industriel ET Commercial’s holdings in Lionsgate Studios were worth $2,295,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Liberty 77 Capital L.P. bought a new position in shares of Lionsgate Studios during the 2nd quarter valued at $214,831,000. Jefferies Financial Group Inc. increased its position in Lionsgate Studios by 251.0% during the second quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock worth $33,732,000 after buying an additional 4,151,822 shares during the last quarter. Geode Capital Management LLC raised its holdings in Lionsgate Studios by 658.6% during the second quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company’s stock valued at $27,547,000 after buying an additional 4,115,334 shares in the last quarter. Millennium Management LLC raised its holdings in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after buying an additional 837,774 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Lionsgate Studios by 3,352.1% in the second quarter. Marshall Wace LLP now owns 1,753,646 shares of the company’s stock worth $10,189,000 after buying an additional 1,702,846 shares during the last quarter.

Insider Transactions at Lionsgate Studios

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

Lionsgate Studios Stock Up 1.6%

Shares of NYSE LION opened at $8.10 on Monday. Lionsgate Studios Corp. has a 12 month low of $5.55 and a 12 month high of $10.09. The company has a market cap of $2.35 billion, a P/E ratio of -9.53 and a beta of -0.48. The business’s 50 day moving average is $8.92 and its two-hundred day moving average is $7.41.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) earnings per share (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 analyst estimates of $706.03 million. Sell-side analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $11.00 price objective on shares of Lionsgate Studios in a report on Friday, February 6th. Wells Fargo & Company upped their target price on Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Benchmark upped their price objective on shares of Lionsgate Studios from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.86.

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.