Legal & General Group Plc Makes New Investment in Lionsgate Studios Corp. $LION

Legal & General Group Plc acquired a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 164,315 shares of the company’s stock, valued at approximately $2,516,000. Legal & General Group Plc owned 0.06% of Lionsgate Studios at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Lionsgate Studios in the 2nd quarter worth about $251,521,000. Jericho Capital Asset Management L.P. bought a new stake in Lionsgate Studios during the fourth quarter worth about $51,119,000. Cooper Creek Partners Management LLC bought a new stake in Lionsgate Studios during the first quarter worth about $43,715,000. Anson Funds Management LP grew its holdings in Lionsgate Studios by 36.3% in the fourth quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock worth $87,255,000 after purchasing an additional 2,543,352 shares during the period. Finally, Marshall Wace LLP grew its holdings in Lionsgate Studios by 273.4% in the fourth quarter. Marshall Wace LLP now owns 2,331,777 shares of the company’s stock worth $21,289,000 after purchasing an additional 1,707,282 shares during the period.

Lionsgate Studios Trading Up 0.7%

Shares of LION opened at $11.18 on Friday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -26.62 and a beta of 0.66. Lionsgate Studios Corp. has a 12 month low of $5.88 and a 12 month high of $16.70. The business’s fifty day simple moving average is $12.85 and its two-hundred day simple moving average is $12.06.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million during the quarter, compared to the consensus estimate of $703.10 million. As a group, research analysts forecast that Lionsgate Studios Corp. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. B. Riley Financial lowered their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research report on Thursday, August 6th. Wall Street Zen cut Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Sunday. Seaport Research Partners reissued a “buy” rating and issued a $17.00 target price on shares of Lionsgate Studios in a report on Friday, August 7th. Finally, Benchmark increased their target price on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and an average price target of $15.57.

Lionsgate Studios Company 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.