CastleKnight Management LP Takes Position in Lionsgate Studios Corp. $LION

CastleKnight Management LP purchased a new stake in Lionsgate Studios Corp. (NYSE:LION) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 477,400 shares of the company’s stock, valued at approximately $4,359,000. CastleKnight Management LP owned 0.16% of Lionsgate Studios as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Concentric Capital Strategies LP acquired a new position in shares of Lionsgate Studios in the 4th quarter valued at about $1,432,000. Nexpoint Asset Management L.P. lifted its position in Lionsgate Studios by 50.3% in the 4th quarter. Nexpoint Asset Management L.P. now owns 248,140 shares of the company’s stock valued at $2,266,000 after purchasing an additional 83,011 shares during the last quarter. J. Goldman & Co LP bought a new stake in Lionsgate Studios in the 4th quarter valued at about $935,000. AQR Capital Management LLC lifted its position in Lionsgate Studios by 293.2% in the 4th quarter. AQR Capital Management LLC now owns 105,116 shares of the company’s stock valued at $960,000 after purchasing an additional 78,382 shares during the last quarter. Finally, Abel Hall LLC bought a new stake in Lionsgate Studios in the 4th quarter valued at about $104,000.

Lionsgate Studios Trading Down 7.0%

LION stock opened at $15.21 on Thursday. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $16.70. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of -21.12 and a beta of 0.69. The firm’s 50-day moving average is $12.76 and its two-hundred day moving average is $10.31.

Key Lionsgate Studios News

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: Robert W. Baird raised its price target on Lionsgate Studios to $20 from $18 and kept an outperform rating, signaling continued analyst confidence in upside from current levels. Benzinga
• Positive Sentiment: Shares surged on takeover chatter after reports suggested Netflix was considering a bid, and the stock also hit a new 52-week high as investors rushed into the name. Benzinga
• Neutral Sentiment: The move also triggered unusually heavy call-option buying, showing strong speculative interest but not a fundamental change in the business outlook.
• Negative Sentiment: Netflix publicly denied acquisition interest, removing the main catalyst behind the recent rally and prompting a pullback in Lionsgate Studios shares. MSN

Wall Street Analysts Forecast Growth

LION has been the topic of several recent research reports. Barrington Research lifted their price objective on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research report on Friday, May 22nd. Citigroup downgraded shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Benchmark lifted their price objective on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Robert W. Baird lifted their price objective on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lionsgate Studios presently has an average rating of “Moderate Buy” and an average price target of $15.37.

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.