Stock Traders Purchase High Volume of Call Options on Lionsgate Studios (NYSE:LION)

Lionsgate Studios Corp. (NYSE:LION) saw some unusual options trading on Tuesday. Stock investors acquired 16,989 call options on the stock. This is an increase of approximately 500% compared to the average daily volume of 2,831 call options.

Institutional Investors Weigh In On Lionsgate Studios

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. bought a new stake in Lionsgate Studios in the 2nd quarter worth $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Lionsgate Studios during the second quarter worth about $26,000. Osaic Holdings Inc. grew its stake in shares of Lionsgate Studios by 4,852.0% in the second 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 last quarter. FNY Investment Advisers LLC bought a new stake in shares of Lionsgate Studios in the second quarter worth about $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Lionsgate Studios during the 2nd quarter valued at about $36,000.

Lionsgate Studios Stock Performance

NYSE LION traded up $0.43 on Tuesday, hitting $7.79. 1,905,704 shares of the stock traded hands, compared to its average volume of 2,365,756. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -11.63 and a beta of -0.28. The business’s fifty day moving average is $6.65 and its two-hundred day moving average is $6.50. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $8.50.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Analysts expect that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LION shares. Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $8.50 target price on shares of Lionsgate Studios in a report on Friday, November 7th. Zacks Research downgraded shares of Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Finally, Robert W. Baird initiated coverage on shares of Lionsgate Studios in a report on Friday, September 5th. They set an “outperform” rating and a $8.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.95.

Lionsgate Studios Company 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.