Union Square Park Capital Management LLC Grows Stock Holdings in Lionsgate Studios Corp. $LION

Union Square Park Capital Management LLC boosted its holdings in shares of Lionsgate Studios Corp. (NYSE:LION) by 39.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the company’s stock after purchasing an additional 85,100 shares during the quarter. Lionsgate Studios comprises about 1.3% of Union Square Park Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Union Square Park Capital Management LLC’s holdings in Lionsgate Studios were worth $2,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LION. Millennium Management LLC raised its stake in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after purchasing an additional 837,774 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Lionsgate Studios by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after purchasing an additional 275,839 shares in the last quarter. Jane Street Group LLC purchased a new stake in Lionsgate Studios during the first quarter valued at $825,000. Envestnet Asset Management Inc. purchased a new stake in Lionsgate Studios during the second quarter valued at $77,000. Finally, Creative Planning purchased a new stake in Lionsgate Studios during the second quarter valued at $117,000.

Analyst Ratings Changes

LION has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Tuesday, April 21st. Seaport Research Partners reissued a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday. Raymond James Financial reissued an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, Benchmark increased their target price on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

Lionsgate Studios Trading Up 14.1%

Shares of LION opened at $16.39 on Wednesday. Lionsgate Studios Corp. has a twelve month low of $5.55 and a twelve month high of $16.70. The company has a market cap of $4.76 billion, a P/E ratio of -22.76 and a beta of 0.69. The company’s fifty day simple moving average is $12.65 and its 200-day simple moving average is $10.25.

Lionsgate Studios News Roundup

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: Takeover speculation continued to support the stock, with reports that Netflix could be eyeing Lionsgate as part of its broader M&A strategy. Netflix eyes Lionsgate after losing to Fox on Roku deal: report
• Positive Sentiment: Traders piled into bullish options, with call volume far above normal, suggesting speculation of further upside in Lionsgate Studios. Lionsgate Studios Corp. (LION) Surges 13.9%: Is This an Indication of Further Gains?
• Positive Sentiment: The stock hit a new 52-week high, reflecting strong momentum and investor interest in the name. Lionsgate Studios (NYSE:LION) Sets New 52-Week High – What’s Next?
• Neutral Sentiment: Several articles repeated the same merger chatter and market reaction, reinforcing the story but adding little new fundamental information. Report: Netflix Eyeing Potential Lionsgate Acquisition After Missing Out on Warner Bros.
• Negative Sentiment: Netflix publicly denied interest in pursuing Lionsgate, which cooled some of the takeover enthusiasm and could limit near-term upside if no deal emerges. Not interested: Netflix denies pursuing Lionsgate as M&A heats up

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.