Lionsgate Studios Corp. (NYSE:LION) Receives $11.71 Average PT from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $11.91.

Several equities research analysts recently commented on the company. Robert W. Baird raised their target price on Lionsgate Studios from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Barrington Research raised their price objective on shares of Lionsgate Studios from $11.50 to $14.50 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Morgan Stanley lifted their price objective on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company boosted their target price on shares of Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, January 30th.

Lionsgate Studios Trading Down 0.1%

LION stock opened at $12.23 on Tuesday. The firm has a market cap of $3.55 billion, a PE ratio of -14.39 and a beta of 0.56. The stock has a 50-day moving average price of $10.56 and a 200-day moving average price of $8.98. Lionsgate Studios has a 1-year low of $5.55 and a 1-year high of $13.00.

Hedge Funds Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its stake in shares of Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after buying an additional 837,774 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Lionsgate Studios by 198.5% in the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock worth $3,099,000 after acquiring an additional 275,839 shares in the last quarter. Jane Street Group LLC bought a new position in Lionsgate Studios in the first quarter worth approximately $825,000. Envestnet Asset Management Inc. acquired a new stake in Lionsgate Studios in the second quarter valued at approximately $77,000. Finally, Creative Planning acquired a new stake in Lionsgate Studios in the second quarter valued at approximately $117,000.

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.