Lionsgate Studios (NYSE:LION) Raised to Hold at B. Riley Financial

Lionsgate Studios (NYSE:LION) was upgraded by B. Riley Financial to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and raised their price target for the stock from $11.00 to $12.60 in a research note on Monday, April 20th. Robert W. Baird raised their target price on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Morgan Stanley upped their price target on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Benchmark boosted their target price on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lionsgate Studios has an average rating of “Hold” and a consensus target price of $15.57.

Lionsgate Studios Trading Down 2.0%

NYSE:LION opened at $15.00 on Tuesday. 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 $4.36 billion, a price-to-earnings ratio of -20.83 and a beta of 0.64. The business’s fifty day moving average price is $13.64 and its 200 day moving average price is $10.87.

Institutional Investors Weigh In On Lionsgate Studios

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

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.