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

Royce & Associates LP raised its stake in shares of Lionsgate Studios Corp. (NYSE:LION) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,541,162 shares of the company’s stock after acquiring an additional 145,700 shares during the quarter. Royce & Associates LP owned approximately 0.53% of Lionsgate Studios worth $14,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd raised its position in shares of Lionsgate Studios by 201.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 225,210 shares of the company’s stock worth $1,554,000 after acquiring an additional 150,472 shares in the last quarter. Compass Rose Asset Management LP purchased a new position in Lionsgate Studios in the third quarter valued at about $3,450,000. WINTON GROUP Ltd grew its stake in Lionsgate Studios by 143.2% in the third quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock valued at $1,519,000 after purchasing an additional 129,611 shares during the last quarter. Anson Funds Management LP grew its stake in Lionsgate Studios by 5.7% in the third quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock valued at $48,394,000 after purchasing an additional 379,388 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in Lionsgate Studios in the third quarter valued at about $724,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LION shares. Wells Fargo & Company lifted their target price on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Morgan Stanley lifted their target price on Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Lionsgate Studios from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Robert W. Baird lifted their target price on Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Benchmark lifted their target price on Lionsgate Studios from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.66.

Lionsgate Studios Stock Performance

Shares of LION stock opened at $13.93 on Thursday. Lionsgate Studios Corp. has a fifty-two week low of $5.55 and a fifty-two week high of $15.01. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -19.35 and a beta of 0.56. The stock’s 50-day simple moving average is $11.39 and its 200-day simple moving average is $9.55.

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.