115,208 Shares in Lionsgate Studios Corp. $LION Bought by State of Wyoming

State of Wyoming purchased a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the second quarter, HoldingsChannel reports. The fund purchased 115,208 shares of the company’s stock, valued at approximately $1,764,000.

Other large investors have also made changes to their positions in the company. Osaic Holdings Inc. boosted its stake in shares of Lionsgate Studios by 4,852.0% in the second 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 period. CIBC Private Wealth Group LLC bought a new stake in Lionsgate Studios during the 3rd quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd purchased a new position in Lionsgate Studios in the 4th quarter worth approximately $44,000. Farther Finance Advisors LLC lifted its holdings in 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 in the last quarter. Finally, Walleye Trading LLC bought a new position in Lionsgate Studios in the 2nd quarter worth approximately $60,000.

Lionsgate Studios Trading Up 2.0%

NYSE:LION opened at $11.95 on Friday. The business’s 50-day moving average is $13.88 and its 200 day moving average is $11.81. Lionsgate Studios Corp. has a 12 month low of $5.88 and a 12 month high of $16.70. The company has a market capitalization of $3.56 billion, a P/E ratio of -28.45 and a beta of 0.72.

Analyst Ratings Changes

LION has been the subject of a number of research analyst reports. Barrington Research increased their price objective on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Benchmark upped their target price on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. B. Riley Financial cut their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Finally, Robert W. Baird lifted their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.