Herbst Group LLC Makes New $1.65 Million Investment in Lionsgate Studios Corp. $LION

Herbst Group LLC purchased a new stake in Lionsgate Studios Corp. (NYSE:LION) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 180,600 shares of the company’s stock, valued at approximately $1,649,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LION. Norden Group LLC acquired a new stake in shares of Lionsgate Studios in the 4th quarter valued at about $151,000. Uhlmann Price Securities LLC increased its position in Lionsgate Studios by 10.5% in the 4th quarter. Uhlmann Price Securities LLC now owns 54,586 shares of the company’s stock valued at $498,000 after buying an additional 5,175 shares in the last quarter. Occidental Asset Management LLC acquired a new position in Lionsgate Studios during the 4th quarter worth approximately $105,000. GAMMA Investing LLC boosted its holdings in Lionsgate Studios by 99.3% in the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after acquiring an additional 1,773 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in Lionsgate Studios in the third quarter worth approximately $38,000.

Analysts Set New Price Targets

LION has been the subject of several recent research reports. Wall Street Zen downgraded Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Morgan Stanley reiterated an “overweight” rating and issued a $11.00 target price on shares of Lionsgate Studios in a report on Friday, February 6th. Barrington Research reissued an “outperform” rating and issued a $11.50 price target on shares of Lionsgate Studios in a research report on Friday, February 6th. Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Benchmark upped their price objective on shares of Lionsgate Studios from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.05.

Lionsgate Studios Stock Performance

LION stock opened at $9.55 on Thursday. The business has a 50-day simple moving average of $9.25 and a two-hundred day simple moving average of $8.08. The company has a market capitalization of $2.77 billion, a P/E ratio of -11.24 and a beta of -0.48. Lionsgate Studios Corp. has a 52-week low of $5.55 and a 52-week high of $11.02.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $724.30 million during the quarter, compared to analysts’ expectations of $706.03 million. As a group, sell-side analysts forecast that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal 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.