Liberty 77 Capital L.P. Makes New $214.83 Million Investment in Lionsgate Studios Corp. $LION

Liberty 77 Capital L.P. bought a new stake in Lionsgate Studios Corp. (NYSE:LION) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,976,036 shares of the company’s stock, valued at approximately $214,831,000. Lionsgate Studios comprises approximately 19.3% of Liberty 77 Capital L.P.’s holdings, making the stock its 2nd biggest holding. Liberty 77 Capital L.P. owned approximately 0.13% of Lionsgate Studios at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Anson Funds Management LP increased its holdings in shares of Lionsgate Studios by 11.9% in the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock valued at $26,433,000 after acquiring an additional 375,409 shares during the period. Millennium Management LLC grew its stake in Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after acquiring an additional 837,774 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Lionsgate Studios during the second quarter worth about $7,157,000. Kornitzer Capital Management Inc. KS purchased a new position in shares of Lionsgate Studios during the 2nd quarter worth approximately $6,787,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Lionsgate Studios during the 2nd quarter worth about $4,376,000.

Lionsgate Studios Trading Down 2.1%

Shares of NYSE:LION opened at $6.85 on Wednesday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -10.22 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 business has a 50-day moving average price of $6.58 and a 200 day moving average price of $6.58.

Lionsgate Studios (NYSE:LION) last announced its earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). As a group, equities research analysts predict that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LION. Robert W. Baird initiated coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 target price for the company. Barrington Research restated an “outperform” rating and set a $8.50 price objective on shares of Lionsgate Studios in a report on Friday, November 7th. Wall Street Zen downgraded shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. Benchmark started coverage on Lionsgate Studios in a research report on Monday, July 28th. They issued a “buy” rating and a $8.50 price target on the stock. Finally, Baird R W raised Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.73.

Lionsgate Studios Profile

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.