Royce & Associates LP Raises Stake in Lionsgate Studios Corp. $LION

Royce & Associates LP boosted its position in Lionsgate Studios Corp. (NYSE:LION) by 10.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,541,162 shares of the company’s stock after purchasing an additional 145,700 shares during the period. Royce & Associates LP’s holdings in Lionsgate Studios were worth $14,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Cresset Asset Management LLC boosted its position in Lionsgate Studios by 2.9% in the third quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock valued at $420,000 after buying an additional 1,743 shares during the last quarter. GAMMA Investing LLC boosted its position in Lionsgate Studios by 99.3% in the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in Lionsgate Studios by 10.0% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,925 shares of the company’s stock valued at $191,000 after buying an additional 1,900 shares during the last quarter. ProShare Advisors LLC boosted its position in Lionsgate Studios by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock valued at $342,000 after buying an additional 2,410 shares during the last quarter. Finally, CWM LLC boosted its position in Lionsgate Studios by 51.6% in the fourth quarter. CWM LLC now owns 9,291 shares of the company’s stock valued at $85,000 after buying an additional 3,161 shares during the last quarter.

Lionsgate Studios Price Performance

Shares of LION stock opened at $13.93 on Thursday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -19.35 and a beta of 0.56. The stock has a 50 day simple moving average of $11.39 and a 200-day simple moving average of $9.55. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $15.01.

Analyst Ratings Changes

A number of equities research analysts recently commented on LION shares. Seaport Research Partners reiterated a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Wall Street Zen upgraded Lionsgate Studios from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Barrington Research upped their target price on Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Finally, Robert W. Baird upped their target price on Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.66.

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.