WINTON GROUP Ltd Has $1.52 Million Stock Position in Lionsgate Studios Corp. $LION

WINTON GROUP Ltd increased its position in shares of Lionsgate Studios Corp. (NYSE:LION) by 143.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 220,100 shares of the company’s stock after buying an additional 129,611 shares during the period. WINTON GROUP Ltd owned 0.08% of Lionsgate Studios worth $1,519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in Lionsgate Studios by 386.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 231,327 shares of the company’s stock worth $1,596,000 after acquiring an additional 183,764 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Lionsgate Studios by 9.8% in the third quarter. Gabelli Funds LLC now owns 628,400 shares of the company’s stock valued at $4,336,000 after purchasing an additional 56,000 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Lionsgate Studios by 7.8% in the third quarter. Gamco Investors INC. ET AL now owns 517,534 shares of the company’s stock valued at $3,571,000 after purchasing an additional 37,500 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Lionsgate Studios by 11.4% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 19,025 shares of the company’s stock worth $131,000 after purchasing an additional 1,940 shares during the period. Finally, Barclays PLC increased its stake in shares of Lionsgate Studios by 14.1% in the third quarter. Barclays PLC now owns 515,684 shares of the company’s stock worth $3,558,000 after purchasing an additional 63,589 shares during the period.

Insider Buying and Selling

In related news, insider Michael Raymond Burns sold 21,748 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 32.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LION has been the subject of several recent analyst reports. Wall Street Zen downgraded Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $11.00 price target on shares of Lionsgate Studios in a research report on Friday, February 6th. Wells Fargo & Company upped their price target on Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Thursday, January 22nd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $11.50 target price on shares of Lionsgate Studios in a research report on Friday, February 6th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.86.

Lionsgate Studios Stock Down 1.3%

Shares of LION opened at $10.36 on Wednesday. The stock’s 50-day moving average price is $9.11 and its 200 day moving average price is $7.75. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -12.19 and a beta of -0.38. Lionsgate Studios Corp. has a 12-month low of $5.55 and a 12-month high of $11.02.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $724.30 million during the quarter, compared to the consensus estimate of $706.03 million. Equities research analysts expect that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

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.