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

Lionsgate Studios Corp. (NYSE:LION) saw unusually large options trading activity on Tuesday. Stock investors acquired 27,263 call options on the company. This is an increase of 492% compared to the average volume of 4,604 call options.

Institutional Investors Weigh In On Lionsgate Studios

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Lionsgate Studios during the fourth quarter valued at about $44,000. Osaic Holdings Inc. lifted its holdings 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 last quarter. CIBC Private Wealth Group LLC purchased a new stake in Lionsgate Studios during the third quarter valued at about $38,000. Finally, Farther Finance Advisors LLC lifted its holdings 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 last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LION. Benchmark boosted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday. Seaport Research Partners reissued a “buy” rating and issued a $16.00 price target on shares of Lionsgate Studios in a report on Friday, May 22nd. Raymond James Financial reissued an “outperform” rating and issued a $15.00 price target on shares of Lionsgate Studios in a report on Friday, May 22nd. Morgan Stanley boosted their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Saturday. Six equities 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

Lionsgate Studios Stock Performance

NYSE LION traded up $1.51 during trading on Tuesday, hitting $15.88. 8,229,471 shares of the company’s stock traded hands, compared to its average volume of 3,087,075. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -22.06 and a beta of 0.69. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $16.70. The business has a 50 day moving average of $12.51 and a 200-day moving average of $10.19.

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.