Lionsgate Studios Sees Unusually Large Options Volume (NYSE:LION)

Lionsgate Studios Corp. (NYSE:LION) was the target of some unusual options trading activity on Tuesday. Investors bought 27,263 call options on the company. This represents an increase of approximately 492% compared to the typical volume of 4,604 call options.

Lionsgate Studios Stock Performance

LION traded up $1.51 during mid-day trading on Tuesday, reaching $15.88. 8,229,471 shares of the stock were exchanged, compared to its average volume of 3,087,075. The stock has a market capitalization of $4.62 billion, a PE ratio of -22.06 and a beta of 0.69. The company has a 50 day moving average price of $12.51 and a two-hundred day moving average price of $10.19. Lionsgate Studios has a 1 year low of $5.55 and a 1 year high of $16.70.

Hedge Funds Weigh In On Lionsgate Studios

A number of hedge funds have recently bought and sold shares of LION. Osaic Holdings Inc. boosted its holdings in Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after acquiring an additional 4,852 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Lionsgate Studios by 99.3% during the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after acquiring an additional 1,773 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in Lionsgate Studios during the 3rd quarter worth $38,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lionsgate Studios in the 4th quarter worth about $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Lionsgate Studios in the 4th quarter worth about $55,000.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and boosted their price target for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Barrington Research boosted their price target on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Benchmark boosted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.80.

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.