Lionsgate Studios Corp. $LION Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Lionsgate Studios Corp. (NYSE:LION) by 13.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 431,162 shares of the company’s stock after purchasing an additional 49,465 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lionsgate Studios were worth $6,601,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Lionsgate Studios during the second quarter worth approximately $251,521,000. Anson Funds Management LP grew its stake in shares of Lionsgate Studios by 36.3% during the 4th quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock valued at $87,255,000 after buying an additional 2,543,352 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Lionsgate Studios during the 2nd quarter worth $113,683,000. Jefferies Financial Group Inc. purchased a new position in shares of Lionsgate Studios in the 2nd quarter worth $88,896,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of Lionsgate Studios in the 4th quarter worth $51,119,000.

Lionsgate Studios Price Performance

Shares of NYSE LION opened at $11.14 on Wednesday. Lionsgate Studios Corp. has a 1-year low of $5.88 and a 1-year high of $16.70. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of -26.52 and a beta of 0.66. The business has a 50-day moving average of $12.68 and a 200-day moving average of $12.13.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate 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. Research analysts expect that Lionsgate Studios Corp. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LION shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. B. Riley Financial reduced their price objective on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Benchmark boosted their target price on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Seaport Research Partners restated a “buy” rating and issued a $17.00 price target on shares of Lionsgate Studios in a report on Friday, August 7th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lionsgate Studios currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.57.

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.