Quantinno Capital Management LP Acquires 43,059 Shares of Lionsgate Studios Corp. $LION

Quantinno Capital Management LP raised its holdings in Lionsgate Studios Corp. (NYSE:LION) by 79.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 96,923 shares of the company’s stock after acquiring an additional 43,059 shares during the quarter. Quantinno Capital Management LP’s holdings in Lionsgate Studios were worth $929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cooper Creek Partners Management LLC acquired a new stake in shares of Lionsgate Studios during the 1st quarter worth approximately $43,715,000. Renaissance Technologies LLC acquired a new position in shares of Lionsgate Studios during the 1st quarter valued at $484,000. Gabelli Funds LLC lifted its position in shares of Lionsgate Studios by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 728,000 shares of the company’s stock valued at $6,982,000 after acquiring an additional 94,600 shares during the period. Sei Investments Co. boosted its stake in Lionsgate Studios by 4.1% during the first quarter. Sei Investments Co. now owns 158,677 shares of the company’s stock worth $1,522,000 after acquiring an additional 6,312 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in Lionsgate Studios during the first quarter worth $112,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LION. Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley reissued an “overweight” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research report on Thursday, August 6th. Seaport Research Partners restated a “buy” rating and issued a $17.00 target price on shares of Lionsgate Studios in a research note on Friday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Finally, Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.57.

Lionsgate Studios Trading Down 0.3%

Shares of LION opened at $11.95 on Monday. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -28.45 and a beta of 0.73. The stock has a 50 day moving average of $13.88 and a 200 day moving average of $11.83. Lionsgate Studios Corp. has a 12 month low of $5.88 and a 12 month high of $16.70.

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.