Union Square Park Capital Management LLC Sells 100,000 Shares of Lionsgate Studios Corp. $LION

Union Square Park Capital Management LLC reduced its stake in Lionsgate Studios Corp. (NYSE:LION) by 33.3% during the first quarter, HoldingsChannel reports. The firm owned 200,000 shares of the company’s stock after selling 100,000 shares during the period. Lionsgate Studios comprises about 1.1% of Union Square Park Capital Management LLC’s portfolio, making the stock its 20th biggest holding. Union Square Park Capital Management LLC’s holdings in Lionsgate Studios were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of LION. Herbst Group LLC purchased a new stake in Lionsgate Studios during the fourth quarter valued at about $1,649,000. Jericho Capital Asset Management L.P. purchased a new position in shares of Lionsgate Studios in the 4th quarter worth about $51,119,000. AXQ Capital LP purchased a new position in shares of Lionsgate Studios in the 4th quarter worth about $371,000. Irenic Capital Management LP bought a new position in shares of Lionsgate Studios during the 4th quarter valued at about $871,000. Finally, Systematic Financial Management LP bought a new position in shares of Lionsgate Studios during the 4th quarter valued at about $420,000.

Lionsgate Studios Trading Down 0.5%

LION opened at $13.33 on Friday. Lionsgate Studios Corp. has a 12 month low of $5.65 and a 12 month high of $16.70. The business’s 50-day moving average price is $14.18 and its 200-day moving average price is $11.44. The company has a market cap of $3.87 billion, a P/E ratio of -18.51 and a beta of 0.64.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LION. Raymond James Financial restated an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Citigroup cut shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their price target for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Robert W. Baird lifted their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Seaport Research Partners restated a “buy” rating and issued a $16.00 price objective on shares of Lionsgate Studios in a report on Friday, May 22nd. Finally, Morgan Stanley upped their price objective 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 analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lionsgate Studios presently has a consensus rating of “Hold” 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.