Vanguard Group Inc. Sells 1,374,413 Shares of Lionsgate Studios Corp. $LION

Vanguard Group Inc. reduced its stake in shares of Lionsgate Studios Corp. (NYSE:LION) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,185,021 shares of the company’s stock after selling 1,374,413 shares during the period. Vanguard Group Inc. owned 0.08% of Lionsgate Studios worth $202,549,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LION. Ratan Capital Management LP bought a new position in Lionsgate Studios during the third quarter valued at about $9,142,000. Invesco Ltd. increased its stake in shares of Lionsgate Studios by 164.4% in the third quarter. Invesco Ltd. now owns 1,811,579 shares of the company’s stock worth $12,500,000 after purchasing an additional 1,126,478 shares during the period. Bank of America Corp DE increased its stake in shares of Lionsgate Studios by 4,609.5% in the second quarter. Bank of America Corp DE now owns 1,103,709 shares of the company’s stock worth $6,413,000 after purchasing an additional 1,080,273 shares during the period. Millennium Management LLC increased its stake in shares of Lionsgate Studios by 72.6% in the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock worth $14,877,000 after purchasing an additional 837,774 shares during the period. Finally, Compass Rose Asset Management LP bought a new position in shares of Lionsgate Studios in the third quarter worth about $3,450,000.

Wall Street Analyst Weigh In

LION has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Tuesday, April 21st. Morgan Stanley lifted their price objective on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen lowered Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Barrington Research lifted their price objective on Lionsgate Studios from $11.50 to $14.50 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Finally, Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $12.60 in a research note on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.91.

Lionsgate Studios Trading Down 0.8%

LION stock opened at $12.28 on Friday. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $13.00. The firm has a market cap of $3.56 billion, a P/E ratio of -14.45 and a beta of 0.56. The business’s 50 day moving average is $10.40 and its 200-day moving average is $8.89.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $724.30 million during the quarter, compared to the consensus estimate of $706.03 million. Sell-side analysts forecast that Lionsgate Studios Corp. will post -0.53 EPS for the current year.

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.