Sequoia Financial Advisors LLC Makes New $1.36 Million Investment in Lionsgate Studios Corp. $LION

Sequoia Financial Advisors LLC purchased a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 196,678 shares of the company’s stock, valued at approximately $1,357,000. Sequoia Financial Advisors LLC owned about 0.07% of Lionsgate Studios at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC raised its stake in Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after acquiring an additional 837,774 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Lionsgate Studios by 198.5% in the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock worth $3,099,000 after purchasing an additional 275,839 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Lionsgate Studios in the first quarter worth about $825,000. 111 Capital bought a new stake in shares of Lionsgate Studios in the second quarter valued at approximately $66,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Lionsgate Studios during the 2nd quarter valued at approximately $258,000.

Wall Street Analysts Forecast Growth

LION has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Lionsgate Studios from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. Morgan Stanley reiterated an “overweight” rating and set a $10.00 price objective on shares of Lionsgate Studios in a research note on Thursday, December 18th. Barrington Research reissued an “outperform” rating and set a $8.50 price objective on shares of Lionsgate Studios in a report on Friday, November 7th. Finally, Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and an average price target of $9.14.

Lionsgate Studios Trading Down 1.8%

Shares of NYSE LION opened at $9.30 on Friday. The stock’s 50-day moving average is $8.27 and its 200 day moving average is $7.07. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -13.88 and a beta of -0.48. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $9.68.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). On average, analysts forecast that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Insider Activity at Lionsgate Studios

In related news, insider Michael Raymond Burns sold 21,748 shares of Lionsgate Studios stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total value of $195,949.48. Following the transaction, the insider owned 3,061,213 shares in the company, valued at $27,581,529.13. This trade represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.40% of the company’s stock.

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.