Irenic Capital Management LP Makes New Investment in Lionsgate Studios Corp. $LION

Irenic Capital Management LP acquired a new position in shares of Lionsgate Studios Corp. (NYSE:LION) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,400 shares of the company’s stock, valued at approximately $871,000.

Other hedge funds have also recently bought and sold shares of the company. Compass Rose Asset Management LP acquired a new position in Lionsgate Studios during the third quarter worth $3,450,000. WINTON GROUP Ltd grew its holdings in shares of Lionsgate Studios by 143.2% during the third quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock worth $1,519,000 after purchasing an additional 129,611 shares during the last quarter. Anson Funds Management LP grew its holdings in shares of Lionsgate Studios by 5.7% during the third quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock worth $48,394,000 after purchasing an additional 379,388 shares during the last quarter. Herbst Group LLC bought a new stake in shares of Lionsgate Studios during the fourth quarter worth $1,649,000. Finally, Union Square Park Capital Management LLC grew its holdings in shares of Lionsgate Studios by 39.6% during 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 last quarter.

Lionsgate Studios News Summary

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

• Positive Sentiment: Robert W. Baird raised its price target on Lionsgate Studios to $20 from $18 and kept an outperform rating, signaling continued analyst confidence in upside from current levels. Benzinga
• Positive Sentiment: Shares surged on takeover chatter after reports suggested Netflix was considering a bid, and the stock also hit a new 52-week high as investors rushed into the name. Benzinga
• Neutral Sentiment: The move also triggered unusually heavy call-option buying, showing strong speculative interest but not a fundamental change in the business outlook.
• Negative Sentiment: Netflix publicly denied acquisition interest, removing the main catalyst behind the recent rally and prompting a pullback in Lionsgate Studios shares. MSN

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley increased their target price on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Seaport Research Partners restated a “buy” rating and set a $16.00 target price on shares of Lionsgate Studios in a report on Friday, May 22nd. Barrington Research increased their target price on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Wall Street Zen cut Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and an average target price of $15.37.

Lionsgate Studios Stock Down 7.0%

Lionsgate Studios stock opened at $15.21 on Thursday. The business’s 50-day simple moving average is $12.76 and its 200 day simple moving average is $10.31. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of -21.12 and a beta of 0.69. Lionsgate Studios Corp. has a 12-month low of $5.55 and a 12-month high of $16.70.

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.