Uhlmann Price Securities LLC Makes New $252,000 Investment in Lionsgate Studios Corp. $LION

Uhlmann Price Securities LLC acquired a new position in shares of Lionsgate Studios Corp. (NYSE:LION) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,421 shares of the company’s stock, valued at approximately $252,000.

Other hedge funds have also recently bought and sold shares of the company. JTC Employer Solutions Trustee Ltd acquired a new position in Lionsgate Studios during the second quarter worth $26,000. CWM LLC acquired a new position in Lionsgate Studios during the second quarter worth $44,000. Investors Research Corp acquired a new position in Lionsgate Studios during the second quarter worth $47,000. 111 Capital acquired a new position in Lionsgate Studios during the second quarter worth $66,000. Finally, Trexquant Investment LP acquired a new position in Lionsgate Studios during the first quarter worth $81,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Benchmark assumed coverage on Lionsgate Studios in a research note on Monday, July 28th. They issued a “buy” rating and a $8.50 target price for the company. Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. Robert W. Baird assumed coverage on Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 target price for the company. Wolfe Research assumed coverage on Lionsgate Studios in a research note on Tuesday, July 29th. They issued a “peer perform” rating for the company. Finally, Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.75.

Lionsgate Studios Stock Down 1.5%

Lionsgate Studios stock opened at $5.91 on Monday. The business’s 50-day simple moving average is $6.52 and its 200 day simple moving average is $6.75. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -8.82 and a beta of -0.09. Lionsgate Studios Corp. has a 12-month low of $5.55 and a 12-month high of $8.50.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.18). As a group, sell-side analysts expect that Lionsgate Studios Corp. will post 0.08 EPS 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.