Moors & Cabot Inc. Buys Shares of 36,762 Lionsgate Studios Corp. $LION

Moors & Cabot Inc. purchased a new position in shares of Lionsgate Studios Corp. (NYSE:LION) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 36,762 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC grew its stake in shares of Lionsgate Studios by 60.9% in the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock valued at $275,000 after buying an additional 13,910 shares in the last quarter. Anson Funds Management LP lifted its stake in Lionsgate Studios by 11.9% in the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock valued at $26,433,000 after acquiring an additional 375,409 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in Lionsgate Studios by 32.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after acquiring an additional 19,740 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Lionsgate Studios during the 1st quarter worth $81,000. Finally, Alpine Global Management LLC increased its stake in shares of Lionsgate Studios by 570.9% during the 1st quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock worth $1,656,000 after purchasing an additional 188,700 shares during the last quarter.

Lionsgate Studios Price Performance

LION stock opened at $6.90 on Monday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -10.30 and a beta of -0.12. The company has a 50-day moving average of $6.56 and a two-hundred day moving average of $6.60. Lionsgate Studios Corp. has a 52-week low of $5.55 and a 52-week high of $8.50.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Equities analysts expect that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LION shares. Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Wolfe Research assumed coverage on Lionsgate Studios in a research report on Tuesday, July 29th. They issued a “peer perform” rating for the company. Benchmark began coverage on Lionsgate Studios in a research note on Monday, July 28th. They set a “buy” rating and a $8.50 price target for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.73.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.