53,725 Shares in Lionsgate Studios Corp. $LION Purchased by Choate Investment Advisors

Choate Investment Advisors acquired a new position in Lionsgate Studios Corp. (NYSE:LION) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 53,725 shares of the company’s stock, valued at approximately $491,000.

Several other institutional investors have also bought and sold shares of the stock. Systematic Financial Management LP acquired a new stake in Lionsgate Studios in the fourth quarter worth about $420,000. FourThought Financial Partners LLC acquired a new stake in Lionsgate Studios in the fourth quarter worth about $944,000. Global Retirement Partners LLC acquired a new stake in Lionsgate Studios in the fourth quarter worth about $114,000. ProShare Advisors LLC lifted its holdings in Lionsgate Studios by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock worth $342,000 after purchasing an additional 2,410 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Lionsgate Studios by 10.0% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,925 shares of the company’s stock worth $191,000 after purchasing an additional 1,900 shares during the period.

Lionsgate Studios Trading Down 0.1%

Shares of NYSE LION opened at $14.94 on Wednesday. Lionsgate Studios Corp. has a twelve month low of $5.55 and a twelve month high of $15.01. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of -20.75 and a beta of 0.56. The firm has a 50-day moving average of $11.31 and a two-hundred day moving average of $9.50.

Analysts Set New Price Targets

Several research firms recently weighed in on LION. Wells Fargo & Company upped their price objective on shares of Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Seaport Research Partners reissued a “buy” rating and issued a $16.00 price target on shares of Lionsgate Studios in a report on Friday. Morgan Stanley upped their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barrington Research upped their price target on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Citigroup downgraded shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their price target for the company from $11.00 to $12.60 in a report on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.66.

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.