Lionsgate Studios (NYSE:LION) Sets New 1-Year High – Time to Buy?

Lionsgate Studios Corp. (NYSE:LION)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $9.50 and last traded at $9.46, with a volume of 1526174 shares traded. The stock had previously closed at $9.23.

Analysts Set New Price Targets

Several research firms have recently weighed in on LION. Benchmark increased their price target on Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 24th. Zacks Research raised shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Barrington Research reiterated an “outperform” rating and issued a $8.50 target price on shares of Lionsgate Studios in a research note on Friday, November 7th. Wall Street Zen raised shares of Lionsgate Studios from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.14.

Lionsgate Studios Stock Performance

The firm has a market cap of $2.76 billion, a P/E ratio of -14.21 and a beta of -0.48. The firm has a 50 day simple moving average of $8.05 and a 200 day simple moving average of $6.98.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). Sell-side analysts predict that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Lionsgate Studios

In other Lionsgate Studios news, insider Michael Raymond Burns sold 21,748 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the transaction, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This trade represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lionsgate Studios

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after buying an additional 1,773 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $25,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Lionsgate Studios during the 2nd quarter valued at about $26,000. Osaic Holdings Inc. grew its holdings in shares of Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after purchasing an additional 4,852 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Lionsgate Studios during the second quarter worth about $31,000.

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.