Aire Advisors LLC Invests $121,000 in Lionsgate Studios Corp. $LION

Aire Advisors LLC bought a new position in shares of Lionsgate Studios Corp. (NYSE:LION) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 20,764 shares of the company’s stock, valued at approximately $121,000.

Several other institutional investors also recently modified their holdings of LION. EntryPoint Capital LLC grew its position in shares of Lionsgate Studios by 60.9% during the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock worth $275,000 after buying an additional 13,910 shares during the period. Anson Funds Management LP grew its position in shares of Lionsgate Studios by 11.9% during the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock worth $26,433,000 after buying an additional 375,409 shares during the period. OMERS ADMINISTRATION Corp grew its position in shares of Lionsgate Studios by 32.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after buying an additional 19,740 shares during the period. Trexquant Investment LP acquired a new position in shares of Lionsgate Studios during the 1st quarter worth about $81,000. Finally, Alpine Global Management LLC grew its position in shares of Lionsgate Studios by 570.9% during the 1st quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock worth $1,656,000 after buying an additional 188,700 shares during the period.

Wall Street Analyst Weigh In

LION has been the subject of several analyst reports. Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a research report on Friday, September 5th. Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Wall Street Zen lowered Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. Benchmark initiated coverage on Lionsgate Studios in a research report on Monday, July 28th. They issued a “buy” rating and a $8.50 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.75.

Lionsgate Studios Stock Performance

NYSE LION opened at $6.17 on Thursday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -9.21 and a beta of -0.09. The stock’s 50 day moving average price is $6.53 and its two-hundred day moving average price is $6.82. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $8.50.

Lionsgate Studios (NYSE:LION) last released its earnings results on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.18). On average, equities research analysts forecast that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Lionsgate Studios Company 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.