4,558,429 Shares in Lionsgate Studios Corp. $LION Bought by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC bought a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,558,429 shares of the company’s stock, valued at approximately $43,715,000. Lionsgate Studios accounts for about 1.5% of Cooper Creek Partners Management LLC’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LION. Osaic Holdings Inc. raised its position in Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares in the last quarter. GAMMA Investing LLC grew its stake in Lionsgate Studios by 99.3% in the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after acquiring an additional 1,773 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Lionsgate Studios in the third quarter valued at about $38,000. Caitong International Asset Management Co. Ltd acquired a new stake in Lionsgate Studios in the 4th quarter worth about $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Lionsgate Studios in the fourth quarter worth approximately $55,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LION shares. Wall Street Zen cut shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. B. Riley Financial assumed coverage on Lionsgate Studios in a report on Wednesday, July 1st. They set a “neutral” rating and a $17.00 price target for the company. Seaport Research Partners reiterated a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a report on Friday, May 22nd. Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.57.

Lionsgate Studios Stock Down 0.5%

Shares of Lionsgate Studios stock opened at $13.33 on Friday. The firm’s 50 day moving average is $14.18 and its two-hundred day moving average is $11.44. Lionsgate Studios Corp. has a 52 week low of $5.65 and a 52 week high of $16.70. The firm has a market capitalization of $3.87 billion, a P/E ratio of -18.51 and a beta of 0.64.

Lionsgate Studios 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.