Coastal Bridge Advisors LLC Has $36.85 Million Stake in Lionsgate Studios Corp. $LION

Coastal Bridge Advisors LLC cut its holdings in shares of Lionsgate Studios Corp. (NYSE:LION) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,341,232 shares of the company’s stock after selling 536,574 shares during the quarter. Lionsgate Studios makes up 2.8% of Coastal Bridge Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Coastal Bridge Advisors LLC owned 1.84% of Lionsgate Studios worth $36,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Liberty 77 Capital L.P. purchased a new stake in Lionsgate Studios during the second quarter worth about $214,831,000. Jefferies Financial Group Inc. grew its position in shares of Lionsgate Studios by 251.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock valued at $33,732,000 after acquiring an additional 4,151,822 shares during the period. Geode Capital Management LLC increased its stake in shares of Lionsgate Studios by 658.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company’s stock worth $27,547,000 after purchasing an additional 4,115,334 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock worth $14,877,000 after purchasing an additional 837,774 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Lionsgate Studios by 3,352.1% in the 2nd quarter. Marshall Wace LLP now owns 1,753,646 shares of the company’s stock worth $10,189,000 after purchasing an additional 1,702,846 shares during the period.

Insider Buying and Selling

In other Lionsgate Studios news, insider Michael Raymond Burns sold 21,748 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the sale, the insider owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

LION has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. Barrington Research reiterated an “outperform” rating and set a $8.50 price target on shares of Lionsgate Studios in a research note on Friday, November 7th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Benchmark boosted their price objective on Lionsgate Studios from $8.50 to $11.00 and gave the company a “buy” rating in a research note on Monday, November 24th. Finally, Wall Street Zen raised shares of Lionsgate Studios from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.14.

Lionsgate Studios Price Performance

NYSE:LION opened at $9.61 on Thursday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -14.34 and a beta of -0.48. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $10.09. The business has a 50 day moving average of $8.50 and a 200 day moving average of $7.19.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). As a group, sell-side analysts anticipate that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Lionsgate Studios Profile

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.