Lionsgate Studios (NYSE:LION) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other analysts have also weighed in on the company. Zacks Research lowered Lionsgate Studios from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. Morgan Stanley restated an “overweight” rating and issued a $10.00 target price on shares of Lionsgate Studios in a report on Thursday. Benchmark upped their price target on shares of Lionsgate Studios from $8.50 to $11.00 and gave the company a “buy” rating in a report on Monday, November 24th. Finally, Robert W. Baird started coverage on shares of Lionsgate Studios in a research report on Friday, September 5th. They issued an “outperform” rating and a $8.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Lionsgate Studios currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.14.

Lionsgate Studios Trading Up 0.7%

Shares of NYSE:LION opened at $8.37 on Friday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of -12.49 and a beta of -0.28. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $8.75. The company has a 50-day moving average price of $7.02 and a 200 day moving average price of $6.59.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). As a group, equities analysts forecast that Lionsgate Studios will post 0.08 EPS for the current year.

Institutional Trading of Lionsgate Studios

Several institutional investors and hedge funds have recently modified their holdings of LION. Cresset Asset Management LLC increased its holdings in Lionsgate Studios by 2.9% during the 3rd quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock worth $420,000 after purchasing an additional 1,743 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Lionsgate Studios by 11.4% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 19,025 shares of the company’s stock worth $131,000 after buying an additional 1,940 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Lionsgate Studios by 3.1% during the second quarter. Jane Street Group LLC now owns 113,934 shares of the company’s stock valued at $662,000 after buying an additional 3,455 shares during the period. Bessemer Group Inc. purchased a new position in shares of Lionsgate Studios during the second quarter valued at $25,000. Finally, JTC Employer Solutions Trustee Ltd bought a new stake in shares of Lionsgate Studios in the second quarter valued at about $26,000.

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.