Lionsgate Studios (NYSE:LION) Sets New 12-Month High – What’s Next?

Lionsgate Studios Corp. (NYSE:LION)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $9.25 and last traded at $9.00, with a volume of 8089088 shares trading hands. The stock had previously closed at $8.36.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LION. Barrington Research restated an “outperform” rating and set a $8.50 target price on shares of Lionsgate Studios in a research note on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. Benchmark raised their price objective on shares of Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. Morgan Stanley restated an “overweight” rating and set a $10.00 price objective on shares of Lionsgate Studios in a report on Thursday, December 18th. Finally, Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.14.

Lionsgate Studios Price Performance

The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -13.43 and a beta of -0.27. The business’s 50-day moving average price is $7.08 and its two-hundred day moving average price is $6.61.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). As a group, research analysts predict that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Lionsgate Studios

A number of large investors have recently bought and sold shares of LION. Liberty 77 Capital L.P. bought a new stake in shares of Lionsgate Studios during the 2nd quarter worth approximately $214,831,000. Jefferies Financial Group Inc. raised its position in Lionsgate Studios by 251.0% during the second quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock valued at $33,732,000 after purchasing an additional 4,151,822 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lionsgate Studios by 658.6% during the second quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company’s stock worth $27,547,000 after purchasing an additional 4,115,334 shares during the last quarter. Marshall Wace LLP lifted its stake in Lionsgate Studios by 3,352.1% during the second quarter. Marshall Wace LLP now owns 1,753,646 shares of the company’s stock worth $10,189,000 after purchasing an additional 1,702,846 shares during the last quarter. Finally, Ratan Capital Management LP acquired a new stake in shares of Lionsgate Studios in the 3rd quarter valued at $9,142,000.

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.