Lionsgate Studios (NYSE:LION) Raised to “Buy” at Wall Street Zen

Lionsgate Studios (NYSE:LION) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also issued reports on the company. Raymond James Financial reiterated an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Friday, July 17th. Zacks Research cut Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Benchmark increased their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, B. Riley Financial lowered their price target on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and a consensus price target of $15.57.

Lionsgate Studios Stock Performance

Lionsgate Studios stock traded down $0.10 during mid-day trading on Friday, reaching $11.44. The company’s stock had a trading volume of 1,447,576 shares, compared to its average volume of 2,660,682. The firm’s fifty day moving average price is $13.29 and its two-hundred day moving average price is $11.98. Lionsgate Studios has a 12-month low of $5.88 and a 12-month high of $16.70. The company has a market capitalization of $3.40 billion, a P/E ratio of -27.24 and a beta of 0.72.

Lionsgate Studios (NYSE:LION) last posted its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million for the quarter, compared to analysts’ expectations of $703.10 million. On average, research analysts predict that Lionsgate Studios will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Lionsgate Studios during the second quarter worth about $251,521,000. Anson Funds Management LP increased its stake in 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. Wellington Management Group LLP purchased a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $113,683,000. Jefferies Financial Group Inc. purchased a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $88,896,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Lionsgate Studios during the 4th quarter valued at about $51,119,000.

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.