409,098 Shares in Lionsgate Studios Corp. $LION Purchased by Swiss National Bank

Swiss National Bank bought a new stake in Lionsgate Studios Corp. (NYSE:LION) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 409,098 shares of the company’s stock, valued at approximately $2,377,000.

Several other hedge funds also recently modified their holdings of LION. Bessemer Group Inc. purchased a new stake in shares of Lionsgate Studios during the second quarter worth about $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Lionsgate Studios in the 2nd quarter worth approximately $26,000. FNY Investment Advisers LLC purchased a new position in shares of Lionsgate Studios during the 2nd quarter worth $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lionsgate Studios during the 2nd quarter worth $36,000. Finally, KBC Group NV acquired a new stake in shares of Lionsgate Studios during the second quarter worth $37,000.

Analyst Ratings Changes

Several equities analysts recently commented on LION shares. Barrington Research reiterated an “outperform” rating and issued a $8.50 target price on shares of Lionsgate Studios in a research note on Friday, November 7th. Wall Street Zen downgraded Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. 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 price objective on the stock. Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and a consensus price target of $8.95.

Lionsgate Studios Price Performance

Shares of LION opened at $7.06 on Friday. The business’s fifty day moving average price is $6.65 and its 200 day moving average price is $6.50. Lionsgate Studios Corp. has a 12-month low of $5.55 and a 12-month high of $8.50. The stock has a market capitalization of $2.05 billion, a PE ratio of -10.54 and a beta of -0.27.

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

Lionsgate Studios Company 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.