Potomac Capital Management Inc. Acquires Shares of 225,000 Lionsgate Studios Corp. $LION

Potomac Capital Management Inc. acquired a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 225,000 shares of the company’s stock, valued at approximately $2,054,000. Lionsgate Studios accounts for 1.7% of Potomac Capital Management Inc.’s investment portfolio, making the stock its 17th largest holding. Potomac Capital Management Inc. owned 0.08% of Lionsgate Studios as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares during the period. Osaic Holdings Inc. raised its position in Lionsgate Studios by 4,852.0% during the second 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 period. CIBC Private Wealth Group LLC purchased a new stake in Lionsgate Studios during the third quarter valued at approximately $38,000. Farther Finance Advisors LLC raised its position in Lionsgate Studios by 4,457.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after purchasing an additional 5,839 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Lionsgate Studios during the fourth quarter valued at approximately $55,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LION. Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their price target for the stock from $11.00 to $12.60 in a report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Robert W. Baird increased their target price on Lionsgate Studios from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Morgan Stanley lifted their target price on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of Lionsgate Studios from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.51.

Lionsgate Studios Stock Performance

Lionsgate Studios stock opened at $13.56 on Wednesday. The company has a 50 day moving average price of $12.15 and a 200-day moving average price of $9.99. Lionsgate Studios Corp. has a fifty-two week low of $5.55 and a fifty-two week high of $15.01. The company has a market capitalization of $3.94 billion, a PE ratio of -18.83 and a beta of 0.69.

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.