Renaissance Technologies LLC Takes Position in Lionsgate Studios Corp. $LION

Renaissance Technologies LLC acquired a new position in shares of Lionsgate Studios Corp. (NYSE:LION) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,500 shares of the company’s stock, valued at approximately $484,000.

A number of other hedge funds have also modified their holdings of LION. Osaic Holdings Inc. raised its position in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after buying an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in Lionsgate Studios during the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Lionsgate Studios during the 4th quarter worth approximately $44,000. Farther Finance Advisors LLC grew its stake in shares of Lionsgate Studios by 4,457.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock worth $55,000 after acquiring an additional 5,839 shares in the last quarter. Finally, Walleye Trading LLC acquired a new stake in shares of Lionsgate Studios in the second quarter valued at approximately $60,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LION. B. Riley Financial cut their price objective on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price target for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Benchmark boosted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Raymond James Financial restated an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, Wall Street Zen cut Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.57.

Lionsgate Studios Stock Down 0.2%

NYSE:LION opened at $11.97 on Tuesday. Lionsgate Studios Corp. has a twelve month low of $5.88 and a twelve month high of $16.70. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of -28.50 and a beta of 0.73. The stock’s 50 day moving average price is $13.85 and its two-hundred day moving average price is $11.85.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. As a group, analysts anticipate that Lionsgate Studios Corp. will post 0.16 earnings per share for the current year.

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.