Liberty Strategic Capital announced that it acquired an aggregate of 3.3M common shares of Lionsgate Studios (LION) in its capacity as portfolio manager for Liberty 77 Fund L.P. and Liberty 77 Fund International L.P. Following the acquisition, Liberty Strategic Capital exercises control and direction over an aggregate of 35,988,636 Common Shares for and on behalf of the Liberty Funds. The 35,988,636 common shares owned by the Liberty Funds represent approximately 12.6% of the issued and outstanding common shares, Liberty stated. The acquisition of 3.3M common shares, representing 1.16% of the issued and outstanding common shares, was made for investment purposes. “Liberty Strategic Capital intends to review such investment in Lionsgate Studios on a continuing basis and, depending on Lionsgate Studios’ performance and other market conditions, increase or decrease its investment position,” according to a press release from the investment company run by Steve Mnuchin.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LION:
- Lionsgate Studios price target lowered to $10 from $13 at Citi
- Lionsgate Studios price target lowered to $8 from $8.50 at Morgan Stanley
- Promising Growth and Undervalued Potential: A Buy Recommendation for Lionsgate Studios
- Lionsgate Studios’ Earnings Call Highlights Growth and Challenges
- Stocks slide as Trump threatens new tariffs against EU and Apple: Morning Buzz