Insider Selling: Lionsgate Studios (NYSE:LION) Insider Sells $195,949.48 in Stock

Lionsgate Studios Corp. (NYSE:LION) insider Michael Raymond Burns sold 21,748 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the transaction, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lionsgate Studios Price Performance

Shares of Lionsgate Studios stock opened at $9.12 on Thursday. The company has a market capitalization of $2.64 billion, a P/E ratio of -13.61 and a beta of -0.27. The business’s fifty day moving average price is $7.45 and its two-hundred day moving average price is $6.72. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $9.46.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LION shares. Benchmark lifted their target price on Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Barrington Research reissued an “outperform” rating and issued a $8.50 price target on shares of Lionsgate Studios in a report on Friday, November 7th. Robert W. Baird started coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 price objective on the stock. Wall Street Zen upgraded shares of Lionsgate Studios from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Lionsgate Studios presently has an average rating of “Moderate Buy” and an average price target of $9.14.

Institutional Trading of Lionsgate Studios

Hedge funds have recently made changes to their positions in the stock. Liberty 77 Capital L.P. acquired a new position in Lionsgate Studios in the 2nd quarter valued at approximately $214,831,000. Jefferies Financial Group Inc. raised its position in Lionsgate Studios by 251.0% during the second quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock valued at $33,732,000 after acquiring an additional 4,151,822 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lionsgate Studios by 658.6% in the second quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company’s stock valued at $27,547,000 after acquiring an additional 4,115,334 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Lionsgate Studios by 3,352.1% during the 2nd quarter. Marshall Wace LLP now owns 1,753,646 shares of the company’s stock worth $10,189,000 after purchasing an additional 1,702,846 shares during the last quarter. Finally, Ratan Capital Management LP bought a new position in shares of Lionsgate Studios during the 3rd quarter valued at $9,142,000.

About Lionsgate Studios

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.