Lionsgate Studios Corp. (NYSE:LION) Receives Average Rating of “Moderate Buy” from Brokerages

Lionsgate Studios Corp. (NYSE:LION) has earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.3714.

A number of brokerages have recently issued reports on LION. Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their target price for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Wall Street Zen downgraded Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Benchmark increased their price objective on Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Morgan Stanley increased their price objective on Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Robert W. Baird increased their price objective on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LION. Jericho Capital Asset Management L.P. acquired a new position in Lionsgate Studios in the 4th quarter valued at $51,119,000. Cooper Creek Partners Management LLC acquired a new stake in shares of Lionsgate Studios in the 1st quarter worth $43,715,000. Anson Funds Management LP increased its stake in shares of Lionsgate Studios by 36.3% in the 4th quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock worth $87,255,000 after acquiring an additional 2,543,352 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Lionsgate Studios by 273.4% in the 4th quarter. Marshall Wace LLP now owns 2,331,777 shares of the company’s stock worth $21,289,000 after acquiring an additional 1,707,282 shares during the last quarter. Finally, Broad Bay Capital Management LP increased its stake in shares of Lionsgate Studios by 38.7% in the 4th quarter. Broad Bay Capital Management LP now owns 5,168,008 shares of the company’s stock worth $47,184,000 after acquiring an additional 1,441,700 shares during the last quarter.

Lionsgate Studios Price Performance

Shares of NYSE:LION opened at $15.05 on Wednesday. Lionsgate Studios has a 1 year low of $5.55 and a 1 year high of $16.70. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -20.90 and a beta of 0.69. The business’s 50 day moving average price is $13.15 and its 200-day moving average price is $10.53.

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.