Liberty 77 Capital L.P. Buys 487,400 Shares of Lionsgate Studios Corp. (NYSE:LION) Stock

Lionsgate Studios Corp. (NYSE:LIONGet Free Report) major shareholder Liberty 77 Capital L.P. bought 487,400 shares of the company’s stock in a transaction on Tuesday, June 17th. The shares were acquired at an average price of $5.95 per share, with a total value of $2,900,030.00. Following the transaction, the insider now directly owns 36,476,036 shares in the company, valued at approximately $217,032,414.20. The trade was a 1.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Liberty 77 Capital L.P. also recently made the following trade(s):

  • On Friday, June 20th, Liberty 77 Capital L.P. bought 420,234 shares of Lionsgate Studios stock. The shares were acquired at an average price of $5.65 per share, with a total value of $2,374,322.10.

Lionsgate Studios Price Performance

Shares of Lionsgate Studios stock opened at $5.77 on Friday. Lionsgate Studios Corp. has a 1 year low of $5.60 and a 1 year high of $8.50. The business has a 50-day moving average of $7.28 and a two-hundred day moving average of $8.19. The company has a market capitalization of $1.67 billion and a P/E ratio of -13.42.

Lionsgate Studios (NYSE:LIONGet Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, equities analysts anticipate that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on LION shares. Rosenblatt Securities dropped their price objective on Lionsgate Studios from $13.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, June 4th. Raymond James Financial initiated coverage on Lionsgate Studios in a research note on Tuesday, May 20th. They issued an “outperform” rating and a $10.00 price target for the company. JPMorgan Chase & Co. raised Lionsgate Studios from an “underweight” rating to a “neutral” rating and upped their price target for the company from $8.00 to $9.00 in a research note on Monday, March 31st. Morgan Stanley lowered their target price on shares of Lionsgate Studios from $8.50 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, May 27th. Finally, Loop Capital assumed coverage on shares of Lionsgate Studios in a research note on Wednesday, June 4th. They issued a “hold” rating and a $8.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.86.

View Our Latest Analysis on LION

Institutional Investors Weigh In On Lionsgate Studios

Large investors have recently made changes to their positions in the stock. Trexquant Investment LP bought a new stake in shares of Lionsgate Studios during the first quarter worth $81,000. EntryPoint Capital LLC increased its holdings in Lionsgate Studios by 60.9% during the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock worth $275,000 after purchasing an additional 13,910 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in Lionsgate Studios by 32.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after purchasing an additional 19,740 shares in the last quarter. Nexpoint Asset Management L.P. increased its holdings in Lionsgate Studios by 11.8% during the 1st quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company’s stock worth $660,000 after purchasing an additional 9,300 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Lionsgate Studios during the 1st quarter worth about $825,000.

Lionsgate Studios Company Profile

(Get Free Report)

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.

See Also

Insider Buying and Selling by Quarter for Lionsgate Studios (NYSE:LION)

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