State of Wyoming Takes Position in Lionsgate Studios Corp. $LION

State of Wyoming purchased a new position in Lionsgate Studios Corp. (NYSE:LION) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 115,208 shares of the company’s stock, valued at approximately $1,764,000.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Lionsgate Studios in the fourth quarter valued at about $44,000. Osaic Holdings Inc. increased its position in shares of Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after purchasing an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Lionsgate Studios during the 3rd quarter valued at about $38,000. Farther Finance Advisors LLC lifted its stake in shares of Lionsgate Studios by 4,457.3% in the 4th quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock worth $55,000 after purchasing an additional 5,839 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in shares of Lionsgate Studios in the 4th quarter worth approximately $70,000.

Lionsgate Studios Stock Up 2.0%

LION stock opened at $11.95 on Friday. The business’s 50-day moving average price is $13.88 and its 200-day moving average price is $11.81. The stock has a market cap of $3.56 billion, a P/E ratio of -28.45 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.

Analysts Set New Price Targets

A number of research firms recently issued reports on LION. Zacks Research downgraded shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 price target on shares of Lionsgate Studios in a research report on Friday, May 22nd. Benchmark lifted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. B. Riley Financial dropped their price target on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Finally, Barrington Research boosted their price objective on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.57.

Lionsgate Studios Company 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.