Ratan Capital Management LP Invests $11.27 Million in Lionsgate Studios Corp. $LION

Ratan Capital Management LP acquired a new stake in Lionsgate Studios Corp. (NYSE:LION) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 735,870 shares of the company’s stock, valued at approximately $11,266,000. Lionsgate Studios accounts for 3.6% of Ratan Capital Management LP’s portfolio, making the stock its 12th biggest holding. Ratan Capital Management LP owned about 0.25% of Lionsgate Studios at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its stake in Lionsgate Studios by 183.1% during the 1st quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock worth $10,656,000 after acquiring an additional 718,527 shares during the last quarter. BlackRock Inc. bought a new stake in Lionsgate Studios in the second quarter valued at approximately $251,521,000. Bank of New York Mellon Corp increased its stake in Lionsgate Studios by 20.3% in the first quarter. Bank of New York Mellon Corp now owns 1,033,744 shares of the company’s stock valued at $9,914,000 after purchasing an additional 174,433 shares in the last quarter. Union Square Park Capital Management LLC raised its holdings in Lionsgate Studios by 39.6% in the fourth quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company’s stock worth $2,739,000 after purchasing an additional 85,100 shares during the period. Finally, Cooper Creek Partners Management LLC acquired a new stake in Lionsgate Studios in the first quarter worth $43,715,000.

Analyst Ratings Changes

LION has been the subject of several research analyst reports. Barrington Research boosted their price target on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. B. Riley Financial reduced their target price on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Zacks Research cut Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Wall Street Zen downgraded Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.57.

Lionsgate Studios Stock Performance

Shares of LION opened at $11.44 on Friday. The firm has a market cap of $3.40 billion, a P/E ratio of -27.24 and a beta of 0.72. Lionsgate Studios Corp. has a twelve month low of $5.88 and a twelve month high of $16.70. The firm’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $11.98.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The company had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. On average, sell-side analysts anticipate that Lionsgate Studios Corp. will post 0.04 earnings per share for the current fiscal 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.