Jefferies Financial Group Inc. Purchases Shares of 5,806,417 Lionsgate Studios Corp. $LION

Jefferies Financial Group Inc. bought a new position in shares of Lionsgate Studios Corp. (NYSE:LION) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,806,417 shares of the company’s stock, valued at approximately $88,896,000. Lionsgate Studios comprises about 0.6% of Jefferies Financial Group Inc.’s investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in LION. BlackRock Inc. acquired a new position in shares of Lionsgate Studios in the second quarter valued at about $251,521,000. Jericho Capital Asset Management L.P. purchased a new stake in Lionsgate Studios in the fourth quarter valued at approximately $51,119,000. Cooper Creek Partners Management LLC purchased a new stake in Lionsgate Studios in the first quarter valued at approximately $43,715,000. Anson Funds Management LP increased its holdings in Lionsgate Studios by 36.3% in the 4th quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock worth $87,255,000 after buying an additional 2,543,352 shares during the period. Finally, Avala Global LP acquired a new position in Lionsgate Studios in the 2nd quarter worth approximately $27,357,000.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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 decreased their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Raymond James Financial reissued an “outperform” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a report on Friday, May 22nd. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $17.00 target price on shares of Lionsgate Studios in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.57.

Lionsgate Studios Price Performance

Shares of Lionsgate Studios stock opened at $11.52 on Friday. The firm has a market cap of $3.43 billion, a PE ratio of -27.43 and a beta of 0.72. Lionsgate Studios Corp. has a twelve month low of $5.88 and a twelve month high of $16.70. The business has a 50-day moving average price of $13.37 and a 200 day moving average price of $11.98.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. On average, sell-side analysts expect that Lionsgate Studios Corp. will post 0.04 EPS for the current year.

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.