Quantinno Capital Management LP Has $929,000 Stake in Lionsgate Studios Corp. $LION

Quantinno Capital Management LP raised its stake in Lionsgate Studios Corp. (NYSE:LION) by 79.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,923 shares of the company’s stock after acquiring an additional 43,059 shares during the quarter. Quantinno Capital Management LP’s holdings in Lionsgate Studios were worth $929,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Cooper Creek Partners Management LLC acquired a new position in Lionsgate Studios during the 1st quarter worth approximately $43,715,000. Renaissance Technologies LLC acquired a new stake in Lionsgate Studios in the first quarter valued at approximately $484,000. Gabelli Funds LLC grew its stake in shares of Lionsgate Studios by 14.9% during the first quarter. Gabelli Funds LLC now owns 728,000 shares of the company’s stock worth $6,982,000 after buying an additional 94,600 shares during the last quarter. Sei Investments Co. grew its stake in shares of Lionsgate Studios by 4.1% during the first quarter. Sei Investments Co. now owns 158,677 shares of the company’s stock worth $1,522,000 after buying an additional 6,312 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of Lionsgate Studios during the first quarter worth $112,000.

Lionsgate Studios Stock Down 0.3%

LION opened at $11.95 on Monday. Lionsgate Studios Corp. has a twelve month low of $5.88 and a twelve month high of $16.70. The company has a fifty day moving average of $13.88 and a 200-day moving average of $11.83. The stock has a market cap of $3.56 billion, a PE ratio of -28.45 and a beta of 0.73.

Analyst Upgrades and Downgrades

LION has been the subject of a number of research reports. Robert W. Baird increased their price target on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Seaport Research Partners restated a “buy” rating and set a $17.00 price objective on shares of Lionsgate Studios in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Friday, July 17th. Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their target price for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Finally, Zacks Research lowered Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.57.

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.