Investors Buy Large Volume of Call Options on Lionsgate Studios (NYSE:LION)

Lionsgate Studios Corp. (NYSE:LION) saw unusually large options trading activity on Tuesday. Investors purchased 27,263 call options on the stock. This is an increase of approximately 492% compared to the typical daily volume of 4,604 call options.

Analyst Ratings Changes

Several research firms have recently weighed in on LION. Barrington Research lifted their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Robert W. Baird lifted their target price on shares of Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley lifted their target price on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Finally, Seaport Research Partners reissued a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.37.

Hedge Funds Weigh In On Lionsgate Studios

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after buying an additional 4,852 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Lionsgate Studios by 99.3% in the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Lionsgate Studios in the 3rd quarter valued at $38,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Lionsgate Studios in the 4th quarter valued at $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Lionsgate Studios in the 4th quarter valued at $55,000.

Lionsgate Studios Stock Down 7.0%

LION stock opened at $15.21 on Thursday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of -21.12 and a beta of 0.69. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $16.70. The firm has a 50 day moving average of $12.76 and a two-hundred day moving average of $10.31.

Lionsgate Studios News Roundup

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: Robert W. Baird raised its price target on Lionsgate Studios to $20 from $18 and kept an outperform rating, signaling continued analyst confidence in upside from current levels. Benzinga
• Positive Sentiment: Shares surged on takeover chatter after reports suggested Netflix was considering a bid, and the stock also hit a new 52-week high as investors rushed into the name. Benzinga
• Neutral Sentiment: The move also triggered unusually heavy call-option buying, showing strong speculative interest but not a fundamental change in the business outlook.
• Negative Sentiment: Netflix publicly denied acquisition interest, removing the main catalyst behind the recent rally and prompting a pullback in Lionsgate Studios shares. MSN

Lionsgate Studios Company 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.