18,910 Shares in Lionsgate Studios Corp. $LION Bought by New World Advisors LLC

New World Advisors LLC acquired a new position in Lionsgate Studios Corp. (NYSE:LION) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 18,910 shares of the company’s stock, valued at approximately $110,000.

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers purchased a new stake in shares of Lionsgate Studios in the 2nd quarter worth about $1,738,000. Legal & General Group Plc purchased a new position in Lionsgate Studios during the 2nd quarter valued at about $1,414,000. JPMorgan Chase & Co. boosted its stake in Lionsgate Studios by 6,540.2% during the second quarter. JPMorgan Chase & Co. now owns 458,441 shares of the company’s stock worth $2,664,000 after acquiring an additional 451,537 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Lionsgate Studios in the second quarter worth about $318,000. Finally, Swiss National Bank bought a new position in shares of Lionsgate Studios during the second quarter valued at approximately $2,377,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on LION. Zacks Research cut Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Benchmark assumed coverage on Lionsgate Studios in a research note on Monday, July 28th. They set a “buy” rating and a $8.50 price objective for the company. Robert W. Baird initiated coverage on Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 target price on the stock. Wells Fargo & Company started coverage on Lionsgate Studios in a research report on Tuesday, August 5th. They issued an “overweight” rating and a $9.00 price target for the company. Finally, Barrington Research reissued an “outperform” rating and set a $8.50 price objective on shares of Lionsgate Studios in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.73.

Lionsgate Studios Price Performance

NYSE LION opened at $7.13 on Friday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -10.64 and a beta of -0.12. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $8.50. The business’s fifty day moving average price is $6.60 and its 200-day moving average price is $6.51.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Equities research analysts anticipate that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

About Lionsgate Studios

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.