JTC Employer Solutions Trustee Ltd Makes New $26,000 Investment in Lionsgate Studios Corp. $LION

JTC Employer Solutions Trustee Ltd purchased a new position in Lionsgate Studios Corp. (NYSE:LION) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,514 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC purchased a new position in Lionsgate Studios in the second quarter worth $44,000. Investors Research Corp purchased a new position in Lionsgate Studios in the second quarter worth $47,000. Nexpoint Asset Management L.P. grew its holdings in Lionsgate Studios by 11.8% in the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company’s stock worth $660,000 after purchasing an additional 9,300 shares during the last quarter. Trexquant Investment LP purchased a new position in Lionsgate Studios in the first quarter worth $81,000. Finally, 111 Capital purchased a new position in Lionsgate Studios in the second quarter worth $66,000.

Analyst Ratings Changes

LION has been the topic of several analyst reports. Wolfe Research started coverage on shares of Lionsgate Studios in a report on Tuesday, July 29th. They issued a “peer perform” rating on the stock. Benchmark started coverage on shares of Lionsgate Studios in a report on Monday, July 28th. They set a “buy” rating and a $8.50 price objective on the stock. Robert W. Baird started coverage on shares of Lionsgate Studios in a report on Friday, September 5th. They set an “outperform” rating and a $8.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Lionsgate Studios in a report on Tuesday, August 5th. They set an “overweight” rating and a $9.00 price objective on the stock. Finally, Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and an average target price of $8.75.

Lionsgate Studios Price Performance

NYSE LION opened at $5.91 on Friday. The company has a market capitalization of $1.71 billion, a PE ratio of -8.82 and a beta of -0.09. The company has a fifty day moving average of $6.52 and a 200 day moving average of $6.78. Lionsgate Studios Corp. has a 1 year low of $5.55 and a 1 year high of $8.50.

Lionsgate Studios (NYSE:LION) last posted its earnings results on Thursday, August 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Research analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share 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.