K.J. Harrison & Partners Inc Buys New Holdings in Lionsgate Studios Corp. $LION

K.J. Harrison & Partners Inc purchased a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) in the second quarter, HoldingsChannel.com reports. The firm purchased 75,000 shares of the company’s stock, valued at approximately $1,148,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its holdings in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after purchasing an additional 4,852 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Lionsgate Studios during the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd acquired a new stake in Lionsgate Studios during the 4th quarter worth approximately $44,000. Farther Finance Advisors LLC raised its holdings in Lionsgate Studios by 4,457.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after buying an additional 5,839 shares during the period. Finally, Walleye Trading LLC purchased a new position in Lionsgate Studios in the second quarter valued at approximately $60,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Friday, July 17th. Benchmark lifted their target price on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Barrington Research lifted their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Finally, Robert W. Baird upped their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.57.

Lionsgate Studios Stock Performance

LION stock opened at $11.97 on Tuesday. The firm has a market cap of $3.56 billion, a P/E ratio of -28.50 and a beta of 0.73. Lionsgate Studios Corp. has a 1 year low of $5.88 and a 1 year high of $16.70. The stock has a 50-day simple moving average of $13.85 and a 200-day simple moving average of $11.85.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. On average, equities research analysts predict that Lionsgate Studios Corp. will post 0.16 EPS for the current year.

Lionsgate Studios Company 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.