AXQ Capital LP Takes $371,000 Position in Lionsgate Studios Corp. $LION

AXQ Capital LP purchased a new stake in Lionsgate Studios Corp. (NYSE:LION) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 40,622 shares of the company’s stock, valued at approximately $371,000.

Several other large investors have also modified their holdings of the business. Cresset Asset Management LLC grew its position in shares of Lionsgate Studios by 2.9% in the 3rd quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock worth $420,000 after buying an additional 1,743 shares during the last quarter. GAMMA Investing LLC grew its position in Lionsgate Studios by 99.3% during the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after purchasing an additional 1,773 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Lionsgate Studios by 10.0% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,925 shares of the company’s stock valued at $191,000 after acquiring an additional 1,900 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Lionsgate Studios by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock valued at $342,000 after acquiring an additional 2,410 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Lionsgate Studios by 51.6% in the 4th quarter. CWM LLC now owns 9,291 shares of the company’s stock valued at $85,000 after acquiring an additional 3,161 shares during the last quarter.

Lionsgate Studios Stock Up 0.5%

Lionsgate Studios stock opened at $13.43 on Friday. Lionsgate Studios Corp. has a 52-week low of $5.55 and a 52-week high of $15.01. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -18.65 and a beta of 0.69. The company has a fifty day simple moving average of $11.91 and a 200-day simple moving average of $9.85.

Analyst Ratings Changes

Several analysts have recently commented on LION shares. Citigroup downgraded shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their price objective for the company from $11.00 to $12.60 in a report on Monday, April 20th. Morgan Stanley boosted their target price on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Tuesday, April 21st. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Lionsgate Studios from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lionsgate Studios currently has an average rating of “Moderate Buy” and an average target price of $14.51.

About Lionsgate Studios

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.