Lionsgate Studios Corp. (NYSE:LION – Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders bought 15,074 put options on the company. This represents an increase of approximately 191% compared to the typical daily volume of 5,187 put options.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Glenmede Trust Co. NA bought a new stake in shares of Lionsgate Studios during the 1st quarter valued at about $330,000. California State Teachers Retirement System increased its holdings in Lionsgate Studios by 23.1% in the first quarter. California State Teachers Retirement System now owns 248,833 shares of the company’s stock worth $2,386,000 after purchasing an additional 46,732 shares in the last quarter. Royal Bank of Canada increased its holdings in Lionsgate Studios by 183.1% in the first quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock worth $10,656,000 after purchasing an additional 718,527 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Lionsgate Studios by 79.9% in the first quarter. Quantinno Capital Management LP now owns 96,923 shares of the company’s stock valued at $929,000 after buying an additional 43,059 shares during the period. Finally, Cooper Creek Partners Management LLC bought a new position in shares of Lionsgate Studios during the 1st quarter worth approximately $43,715,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on LION shares. Barrington Research increased their price target on Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Robert W. Baird lifted their price objective on Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Raymond James Financial reissued an “outperform” rating and set a $15.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Finally, Morgan Stanley raised their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.37.
Lionsgate Studios Price Performance
LION remained flat at $15.21 during trading on Tuesday. 353,844 shares of the company’s stock were exchanged, compared to its average volume of 3,167,039. The stock has a market capitalization of $4.42 billion, a PE ratio of -21.12 and a beta of 0.69. The company has a 50 day simple moving average of $13.06 and a 200-day simple moving average of $10.47. Lionsgate Studios has a twelve month low of $5.55 and a twelve month high of $16.70.
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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