Lionsgate Studios (NYSE:LION) Shares Gap Up – Still a Buy?

Lionsgate Studios Corp. (NYSE:LIONGet Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $12.91, but opened at $13.56. Lionsgate Studios shares last traded at $14.21, with a volume of 1,833,518 shares changing hands.

Lionsgate Studios News Summary

Here are the key news stories impacting Lionsgate Studios this week:

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Benchmark boosted their price objective on shares of Lionsgate Studios from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Citigroup downgraded shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Raymond James Financial reaffirmed an “outperform” rating on shares of Lionsgate Studios in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.12.

View Our Latest Stock Report on LION

Lionsgate Studios Trading Up 9.4%

The business’s 50-day moving average is $11.00 and its two-hundred day moving average is $9.32. The firm has a market cap of $4.10 billion, a P/E ratio of -16.61 and a beta of 0.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after purchasing an additional 4,852 shares during the last quarter. GAMMA Investing LLC grew its position in Lionsgate Studios by 99.3% in the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after purchasing an additional 1,773 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in Lionsgate Studios in the 3rd quarter worth about $38,000. Caitong International Asset Management Co. Ltd bought a new position in Lionsgate Studios in the 4th quarter worth about $44,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Lionsgate Studios in the 4th quarter worth about $55,000.

Lionsgate Studios Company Profile

(Get Free Report)

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.

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