Key Points
- Insider sale: Michael Raymond Burns sold 21,748 shares at an average price of $9.01 for a total of $195,949.48, leaving him with 3,061,213 shares (a 0.71% reduction), according to an SEC filing.
- Stock and recent results: LION opened around $9.43 with a 52-week range of $5.55–$9.46 and a $2.73B market cap; the company reported a miss last quarter with EPS of ($0.27) versus estimates of ($0.13).
- Analyst view: Ratings are mixed but the consensus is a Moderate Buy with an average price target of $9.14, while individual targets and ratings range from strong sell to buy/overweight (benchmarks $8.50–$11.00; Morgan Stanley $10.00).
Lionsgate Studios Corp. (NYSE:LION - Get Free Report) insider Michael Raymond Burns sold 21,748 shares of Lionsgate Studios stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total transaction of $195,949.48. Following the sale, the insider owned 3,061,213 shares in the company, valued at $27,581,529.13. This represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lionsgate Studios Stock Performance
Shares of LION stock opened at $9.43 on Tuesday. The firm has a fifty day moving average of $7.33 and a 200-day moving average of $6.68. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -14.07 and a beta of -0.27. Lionsgate Studios Corp. has a 52-week low of $5.55 and a 52-week high of $9.46.
Lionsgate Studios (NYSE:LION - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.14). On average, sell-side analysts predict that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.
Analysts Set New Price Targets
LION has been the subject of several analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Benchmark increased their price objective on Lionsgate Studios from $8.50 to $11.00 and gave the stock a "buy" rating in a research note on Monday, November 24th. Morgan Stanley restated an "overweight" rating and issued a $10.00 target price on shares of Lionsgate Studios in a research note on Thursday, December 18th. Zacks Research lowered shares of Lionsgate Studios from a "hold" rating to a "strong sell" rating in a report on Tuesday, November 18th. Finally, Barrington Research reiterated an "outperform" rating and set a $8.50 target price on shares of Lionsgate Studios in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.14.
Check Out Our Latest Stock Report on Lionsgate Studios
Hedge Funds Weigh In On Lionsgate Studios
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Liberty 77 Capital L.P. bought a new stake in shares of Lionsgate Studios during the second quarter worth $214,831,000. Anson Funds Management LP lifted its position in Lionsgate Studios by 5.7% during the 3rd quarter. Anson Funds Management LP now owns 7,013,596 shares of the company's stock worth $48,394,000 after buying an additional 379,388 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in Lionsgate Studios by 251.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company's stock worth $33,732,000 after buying an additional 4,151,822 shares in the last quarter. Geode Capital Management LLC grew its holdings in Lionsgate Studios by 658.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company's stock worth $27,547,000 after acquiring an additional 4,115,334 shares during the last quarter. Finally, Millennium Management LLC increased its position in Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after acquiring an additional 837,774 shares in the last quarter.
About Lionsgate Studios
(
Get Free Report)
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.
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