Y Intercept Hong Kong Ltd Grows Holdings in Lionsgate Studios Corp. $LION

Y Intercept Hong Kong Ltd increased its stake in Lionsgate Studios Corp. (NYSE:LION) by 201.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,210 shares of the company’s stock after buying an additional 150,472 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Lionsgate Studios were worth $1,554,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new position in Lionsgate Studios during the 2nd quarter worth $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in Lionsgate Studios in the second quarter worth about $26,000. Osaic Holdings Inc. increased its holdings in Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after buying an additional 4,852 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Lionsgate Studios in the second quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Lionsgate Studios during the second quarter valued at approximately $36,000.

Insider Buying and Selling

In other Lionsgate Studios news, insider Michael Raymond Burns sold 21,748 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the transaction, the insider owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on LION. Morgan Stanley reiterated an “overweight” rating and issued a $10.00 target price on shares of Lionsgate Studios in a research report on Thursday, December 18th. Wall Street Zen raised shares of Lionsgate Studios from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Zacks Research raised shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wells Fargo & Company raised their price target on shares of Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.41.

Lionsgate Studios Price Performance

Shares of LION opened at $9.40 on Friday. Lionsgate Studios Corp. has a 12 month low of $5.55 and a 12 month high of $10.09. The stock has a fifty day moving average price of $8.60 and a 200 day moving average price of $7.23. The company has a market cap of $2.72 billion, a P/E ratio of -14.03 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last announced 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). As a group, research analysts anticipate that Lionsgate Studios Corp. will post 0.08 earnings per share 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.