Credit Industriel ET Commercial Increases Holdings in Lionsgate Studios Corp. $LION
Credit Industriel ET Commercial increased its stake in Lionsgate Studios Corp. (NYSE:LION) by 357.5% in Q2, owning 228,766 shares valued at $1.33 million. Other hedge funds also acquired stakes in Lionsgate. The stock opened at $6.90, with a market cap of $2 billion and a P/E ratio of -10.30. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $8.73. Lionsgate reported a quarterly EPS of ($0.27), missing estimates.
Credit Industriel ET Commercial boosted its stake in Lionsgate Studios Corp. (NYSE:LION - Free Report) by 357.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,766 shares of the company's stock after purchasing an additional 178,766 shares during the period. Credit Industriel ET Commercial owned approximately 0.08% of Lionsgate Studios worth $1,329,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in shares of Lionsgate Studios in the second quarter worth about $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Lionsgate Studios during the 2nd quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new position in Lionsgate Studios during the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd purchased a new position in Lionsgate Studios in the 2nd quarter worth approximately $36,000. Finally, Amalgamated Bank acquired a new stake in Lionsgate Studios in the second quarter valued at approximately $38,000.
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Lionsgate Studios Price Performance
NYSE LION opened at $6.90 on Friday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -10.30 and a beta of -0.12. Lionsgate Studios Corp. has a 12 month low of $5.55 and a 12 month high of $8.50. The company's fifty day moving average price is $6.56 and its two-hundred day moving average price is $6.62.
Lionsgate Studios (NYSE:LION - Get Free Report) last issued its quarterly 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). As a group, analysts anticipate that Lionsgate Studios Corp. will post 0.08 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Lionsgate Studios from a "hold" rating to a "sell" rating in a research note on Sunday, August 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. Baird R W upgraded shares of Lionsgate Studios to a "strong-buy" rating in a report on Friday, September 5th. Benchmark initiated coverage on shares of Lionsgate Studios in a research report on Monday, July 28th. They issued a "buy" rating and a $8.50 price objective for the company. Finally, Wolfe Research assumed coverage on Lionsgate Studios in a research report on Tuesday, July 29th. They set a "peer perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Lionsgate Studios currently has a consensus rating of "Moderate Buy" and an average target price of $8.73.
Get Our Latest Analysis on Lionsgate Studios
Lionsgate Studios Company Profile
(Free Report)Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.
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Want to see what other hedge funds are holding LION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lionsgate Studios Corp. (NYSE:LION - Free Report).
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