Lionsgate Studios (NYSE:LION) Trading 8.3% Higher – Should You Buy?

Shares of Lionsgate Studios Corp. (NYSE:LION) were up 8.3% on Tuesday . The company traded as high as $9.05 and last traded at $9.05. Approximately 801,454 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 2,412,664 shares. The stock had previously closed at $8.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. Zacks Research downgraded Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Benchmark lifted their target price on Lionsgate Studios from $8.50 to $11.00 and gave the company a “buy” rating in a research note on Monday, November 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Lionsgate Studios in a report on Thursday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $8.50 price target on shares of Lionsgate Studios in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and a consensus price target of $9.14.

Lionsgate Studios Stock Up 8.0%

The business has a 50-day simple moving average of $7.02 and a 200-day simple moving average of $6.59. The company has a market cap of $2.62 billion, a PE ratio of -13.48 and a beta of -0.28.

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

Institutional Investors Weigh In On Lionsgate Studios

Institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in Lionsgate Studios during the third quarter worth approximately $38,000. CIBC Bancorp USA Inc. purchased a new position in Lionsgate Studios in the 3rd quarter valued at approximately $151,000. Alpine Global Management LLC increased its holdings in Lionsgate Studios by 21.3% during the 3rd quarter. Alpine Global Management LLC now owns 458,578 shares of the company’s stock valued at $3,164,000 after acquiring an additional 80,525 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lionsgate Studios in the third quarter valued at $168,000. Finally, Dark Forest Capital Management LP acquired a new stake in Lionsgate Studios in the 3rd quarter worth about $1,381,000.

About Lionsgate Studios

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.