FNY Investment Advisers LLC Buys New Position in Lionsgate Studios Corp. $LION

FNY Investment Advisers LLC bought a new stake in Lionsgate Studios Corp. (NYSE:LION) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,349 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LION. Millennium Management LLC raised its stake in Lionsgate Studios by 72.6% in the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after purchasing an additional 837,774 shares in the last quarter. Anson Funds Management LP raised its stake in shares of Lionsgate Studios by 11.9% during the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock worth $26,433,000 after acquiring an additional 375,409 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Lionsgate Studios by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock worth $3,099,000 after acquiring an additional 275,839 shares in the last quarter. Alpine Global Management LLC raised its stake in shares of Lionsgate Studios by 570.9% during the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock worth $1,656,000 after acquiring an additional 188,700 shares in the last quarter. Finally, Congress Park Capital LLC purchased a new position in shares of Lionsgate Studios during the second quarter worth approximately $1,043,000.

Analyst Ratings Changes

Several research analysts have commented on LION shares. Wolfe Research started coverage on shares of Lionsgate Studios in a research note on Tuesday, July 29th. They set a “peer perform” rating on the stock. Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. Benchmark started coverage on shares of Lionsgate Studios in a research note on Monday, July 28th. They set a “buy” rating and a $8.50 price target on the stock. Wall Street Zen downgraded shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Sunday, August 10th. Finally, Wells Fargo & Company started coverage on shares of Lionsgate Studios in a research note on Tuesday, August 5th. They set an “overweight” rating and a $9.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8.75.

Lionsgate Studios Stock Up 1.2%

Shares of NYSE LION opened at $6.49 on Friday. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $8.50. The firm’s fifty day moving average is $6.51 and its 200 day moving average is $6.72. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -9.69 and a beta of -0.09.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.18). Equities research analysts anticipate that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.

Lionsgate Studios Profile

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.