Deutsche Bank AG Invests $3.33 Million in Lionsgate Studios Corp. $LION

Deutsche Bank AG acquired a new position in Lionsgate Studios Corp. (NYSE:LION) in the 2nd quarter, HoldingsChannel reports. The fund acquired 217,230 shares of the company’s stock, valued at approximately $3,326,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Lionsgate Studios during the fourth quarter valued at about $44,000. Osaic Holdings Inc. grew its stake in Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Lionsgate Studios during the 3rd quarter valued at $38,000. Farther Finance Advisors LLC grew its position in Lionsgate Studios by 4,457.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock worth $55,000 after buying an additional 5,839 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Lionsgate Studios during the fourth quarter worth about $70,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LION shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Barrington Research lifted their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Robert W. Baird boosted their price target on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. B. Riley Financial decreased their price objective on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research report on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lionsgate Studios presently has an average rating of “Moderate Buy” and an average price target of $15.57.

Lionsgate Studios Stock Performance

NYSE:LION opened at $11.54 on Thursday. Lionsgate Studios Corp. has a fifty-two week low of $5.88 and a fifty-two week high of $16.70. The firm has a market cap of $3.43 billion, a P/E ratio of -27.48 and a beta of 0.72. The firm has a 50-day simple moving average of $13.45 and a two-hundred day simple moving average of $11.96.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million during the quarter, compared to the consensus estimate of $703.10 million. On average, equities research analysts predict that Lionsgate Studios Corp. will post 0.04 EPS for the current year.

Lionsgate Studios 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.