Alpine Global Management LLC Has $1.38 Million Position in Lionsgate Studios Corp. $LION

Alpine Global Management LLC cut its position in Lionsgate Studios Corp. (NYSE:LION) by 67.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,585 shares of the company’s stock after selling 307,993 shares during the quarter. Alpine Global Management LLC’s holdings in Lionsgate Studios were worth $1,375,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LION. Compass Rose Asset Management LP bought a new stake in Lionsgate Studios during the third quarter worth about $3,450,000. WINTON GROUP Ltd increased its position in shares of Lionsgate Studios by 143.2% during the 3rd quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock valued at $1,519,000 after purchasing an additional 129,611 shares during the last quarter. Anson Funds Management LP raised its holdings in shares of Lionsgate Studios by 5.7% during the 3rd quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock valued at $48,394,000 after buying an additional 379,388 shares in the last quarter. Herbst Group LLC purchased a new position in shares of Lionsgate Studios during the 4th quarter valued at about $1,649,000. Finally, Union Square Park Capital Management LLC raised its holdings in shares of Lionsgate Studios by 39.6% during the 4th quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company’s stock valued at $2,739,000 after buying an additional 85,100 shares in the last quarter.

Analysts Set New Price Targets

LION has been the subject of several research reports. Barrington Research upped their target price on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Raymond James Financial reissued an “outperform” rating and set a $15.00 price target on shares of Lionsgate Studios in a research note on Friday, May 22nd. Morgan Stanley boosted their price objective on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Seaport Research Partners reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their target price for the company from $11.00 to $12.60 in a report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.37.

Lionsgate Studios Stock Up 0.8%

NYSE:LION opened at $15.48 on Friday. The firm has a market capitalization of $4.50 billion, a P/E ratio of -21.50 and a beta of 0.69. The company has a fifty day moving average of $12.87 and a 200 day moving average of $10.36. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $16.70.

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.