UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Lionsgate Studios Corp. (NYSE:LION – Free Report) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 431,162 shares of the company’s stock after purchasing an additional 49,465 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Lionsgate Studios worth $6,601,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in LION. New York State Common Retirement Fund boosted its position in shares of Lionsgate Studios by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 53,587 shares of the company’s stock worth $489,000 after buying an additional 1,200 shares in the last quarter. Cresset Asset Management LLC increased its holdings in Lionsgate Studios by 2.9% during the 3rd quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock valued at $420,000 after acquiring an additional 1,743 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Lionsgate Studios by 10.0% during 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 in the last quarter. ProShare Advisors LLC raised its position in Lionsgate Studios by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock worth $342,000 after acquiring an additional 2,410 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Lionsgate Studios by 3.1% during the second quarter. Jane Street Group LLC now owns 113,934 shares of the company’s stock worth $662,000 after acquiring an additional 3,455 shares during the last quarter.
Lionsgate Studios Stock Performance
LION stock opened at $11.14 on Wednesday. The company has a 50 day moving average price of $12.68 and a two-hundred day moving average price of $12.13. The stock has a market capitalization of $3.31 billion, a P/E ratio of -26.52 and a beta of 0.66. Lionsgate Studios Corp. has a one year low of $5.88 and a one year high of $16.70.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on LION shares. Robert W. Baird increased their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Wall Street Zen cut Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a report on Friday, July 17th. Seaport Research Partners reaffirmed a “buy” rating and set a $17.00 price objective on shares of Lionsgate Studios in a research note on Friday, August 7th. Finally, Barrington Research lifted their price objective on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and an average target price of $15.57.
Read Our Latest Research Report on Lionsgate Studios
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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