TD Waterhouse Canada Inc. Has $391,000 Stock Holdings in Lionsgate Studios Corp. $LION

TD Waterhouse Canada Inc. lifted its position in Lionsgate Studios Corp. (NYSE:LION) by 11,358.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,753 shares of the company’s stock after buying an additional 57,249 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Lionsgate Studios were worth $391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Liberty 77 Capital L.P. acquired a new stake in Lionsgate Studios in the 2nd quarter valued at about $214,831,000. Jefferies Financial Group Inc. lifted its position in shares of Lionsgate Studios by 251.0% in the second quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock valued at $33,732,000 after buying an additional 4,151,822 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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. Millennium Management LLC raised its stake 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 during the period. Finally, Marshall Wace LLP increased its holdings in shares of Lionsgate Studios by 3,352.1% in the second quarter. Marshall Wace LLP now owns 1,753,646 shares of the company’s stock valued at $10,189,000 after purchasing an additional 1,702,846 shares during the last quarter.

Analysts Set New Price Targets

LION has been the subject of a number of research analyst reports. Wall Street Zen upgraded Lionsgate Studios from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wells Fargo & Company boosted their price objective on shares of Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Friday. Benchmark raised their target price on shares of Lionsgate Studios from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday. 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 investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Insider Activity at Lionsgate Studios

In related news, insider Michael Raymond Burns sold 21,748 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total transaction of $195,949.48. Following the transaction, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Lionsgate Studios Price Performance

Shares of LION stock opened at $8.96 on Wednesday. Lionsgate Studios Corp. has a one year low of $5.55 and a one year high of $10.09. The business’s 50 day simple moving average is $8.67 and its 200 day simple moving average is $7.27. The stock has a market capitalization of $2.60 billion, a PE ratio of -13.37 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last issued 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). As a group, research analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.

Lionsgate Studios Company 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.