Peregrine Capital Management LLC Acquires Shares of 610,459 Lionsgate Studios Corp. $LION

Peregrine Capital Management LLC bought a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 610,459 shares of the company’s stock, valued at approximately $3,547,000. Peregrine Capital Management LLC owned 0.21% of Lionsgate Studios at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LION. Bessemer Group Inc. purchased a new stake in shares of Lionsgate Studios during the second quarter valued at $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Lionsgate Studios during the second quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in shares of Lionsgate Studios during the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Lionsgate Studios during the second quarter valued at $36,000. Finally, CWM LLC purchased a new stake in shares of Lionsgate Studios during the second quarter valued at $44,000.

Wall Street Analysts Forecast Growth

LION has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Sunday, August 10th. Benchmark assumed coverage on shares of Lionsgate Studios in a research note on Monday, July 28th. They issued a “buy” rating and a $8.50 price objective for the company. Robert W. Baird assumed coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 price objective for the company. Finally, Wells Fargo & Company assumed coverage on shares of Lionsgate Studios in a research note on Tuesday, August 5th. They issued an “overweight” rating and a $9.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Lionsgate Studios Price Performance

NYSE:LION opened at $6.38 on Wednesday. Lionsgate Studios Corp. has a 1-year low of $5.55 and a 1-year high of $8.50. The company has a 50-day moving average of $6.52 and a 200 day moving average of $6.69. The firm has a market cap of $1.85 billion, a PE ratio of -9.52 and a beta of -0.09.

Lionsgate Studios (NYSE:LION) last announced its earnings results on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Sell-side analysts anticipate that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Lionsgate Studios Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.