74,738 Shares in Lionsgate Studios Corp. $LION Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 74,738 shares of the company’s stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LION. Bessemer Group Inc. purchased a new position in Lionsgate Studios in the second quarter valued at approximately $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Lionsgate Studios during the second quarter valued at about $26,000. FNY Investment Advisers LLC purchased a new position in shares of Lionsgate Studios in the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lionsgate Studios in the second quarter valued at approximately $36,000. Finally, CWM LLC bought a new position in Lionsgate Studios in the 2nd quarter worth approximately $44,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LION. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and set a $8.50 price objective on shares of Lionsgate Studios in a research note on Friday. Robert W. Baird assumed coverage on Lionsgate Studios in a report on Friday, September 5th. They set an “outperform” rating and a $8.00 price target on the stock. Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. Finally, Benchmark began coverage on shares of Lionsgate Studios in a report on Monday, July 28th. They set a “buy” rating and a $8.50 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $8.73.

Lionsgate Studios Stock Performance

Shares of LION stock opened at $7.08 on Friday. The firm has a market capitalization of $2.05 billion, a PE ratio of -10.57 and a beta of -0.12. Lionsgate Studios Corp. has a 52-week low of $5.55 and a 52-week high of $8.50. The stock has a fifty day simple moving average of $6.55 and a two-hundred day simple moving average of $6.63.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). On average, sell-side analysts forecast that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Lionsgate Studios Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.