AXQ Capital LP acquired a new stake in Lionsgate Studios Corp. (NYSE:LION – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 40,622 shares of the company’s stock, valued at approximately $371,000.
Other hedge funds have also recently modified their holdings of the company. Ratan Capital Management LP purchased a new position in Lionsgate Studios during the third quarter worth about $9,142,000. Invesco Ltd. boosted its stake in Lionsgate Studios by 164.4% during the third quarter. Invesco Ltd. now owns 1,811,579 shares of the company’s stock worth $12,500,000 after buying an additional 1,126,478 shares during the period. Bank of America Corp DE boosted its stake in Lionsgate Studios by 4,609.5% during the second quarter. Bank of America Corp DE now owns 1,103,709 shares of the company’s stock worth $6,413,000 after buying an additional 1,080,273 shares during the period. Millennium Management LLC boosted its stake in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock worth $14,877,000 after buying an additional 837,774 shares during the period. Finally, Compass Rose Asset Management LP purchased a new position in Lionsgate Studios during the third quarter worth about $3,450,000.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Seaport Research Partners reaffirmed a “buy” rating and set a $16.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Morgan Stanley increased their target price on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their target price for the stock from $11.00 to $12.60 in a research note on Monday, April 20th. Wall Street Zen raised shares of Lionsgate Studios from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Finally, Benchmark increased their price target on shares of Lionsgate Studios from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.51.
Lionsgate Studios Stock Up 0.5%
Shares of Lionsgate Studios stock opened at $13.43 on Friday. The firm has a market capitalization of $3.90 billion, a P/E ratio of -18.65 and a beta of 0.69. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $15.01. The firm’s 50 day moving average is $11.91 and its two-hundred day moving average is $9.85.
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.
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