Liberty 77 Capital L.P. Takes $214.83 Million Position in Lionsgate Studios Corp. $LION
Liberty 77 Capital L.P. acquired a $214.83 million stake in Lionsgate Studios Corp., making it the fund's second-largest holding at 12.81%. The investment was part of several institutional changes in the second quarter. Lionsgate's stock has a Moderate Buy rating with a target price of $8.73, despite recent earnings missing estimates. The company operates in motion picture and studio operations.
Liberty 77 Capital L.P. bought a new stake in shares of Lionsgate Studios Corp. (NYSE:LION - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,976,036 shares of the company's stock, valued at approximately $214,831,000. Lionsgate Studios accounts for about 19.3% of Liberty 77 Capital L.P.'s holdings, making the stock its 2nd largest holding. Liberty 77 Capital L.P. owned 12.81% of Lionsgate Studios as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. purchased a new stake in Lionsgate Studios in the second quarter worth $25,000. JTC Employer Solutions Trustee Ltd bought a new stake in Lionsgate Studios during the 2nd quarter valued at about $26,000. FNY Investment Advisers LLC bought a new position in shares of Lionsgate Studios in the second quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lionsgate Studios in the 2nd quarter worth $36,000. Finally, KBC Group NV purchased a new position in shares of Lionsgate Studios in the second quarter worth $37,000.
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Analyst Ratings Changes
A number of research firms have commented on LION. Robert W. Baird began coverage on shares of Lionsgate Studios in a research report on Friday, September 5th. They issued an "outperform" rating and a $8.00 target price for the company. Baird R W upgraded shares of Lionsgate Studios to a "strong-buy" rating in a research report on Friday, September 5th. Wolfe Research started coverage on Lionsgate Studios in a research report on Tuesday, July 29th. They set a "peer perform" rating for the company. Zacks Research upgraded shares of Lionsgate Studios from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Lionsgate Studios presently has an average rating of "Moderate Buy" and an average price target of $8.73.
Check Out Our Latest Stock Analysis on LION
Lionsgate Studios Price Performance
NYSE LION opened at $6.85 on Wednesday. The stock's fifty day moving average price is $6.58 and its 200 day moving average price is $6.58. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -10.22 and a beta of -0.12. Lionsgate Studios Corp. has a 1 year low of $5.55 and a 1 year high of $8.50.
Lionsgate Studios (NYSE:LION - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.14). Research analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.
Lionsgate Studios 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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