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

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

A number of other analysts have also commented on LION. Citigroup assumed coverage on shares of Lionsgate Studios in a research note on Monday, September 14th. They set a “market outperform” rating for the company. Seaport Research Partners reissued a “buy” rating and issued a $17.00 target price on shares of Lionsgate Studios in a research report on Friday, August 7th. B. Riley Financial dropped their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Zacks Research lowered shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $15.00 price target on shares of Lionsgate Studios in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and an average target price of $15.16.

Lionsgate Studios Stock Up 0.1%

Shares of Lionsgate Studios stock opened at $12.50 on Friday. Lionsgate Studios has a 12-month low of $6.14 and a 12-month high of $16.70. The firm has a market capitalization of $3.72 billion, a PE ratio of -29.76 and a beta of 0.67. The stock’s fifty day moving average is $11.34 and its 200-day moving average is $12.57.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The company had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. Analysts expect that Lionsgate Studios will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LION. Sterling Capital Management LLC raised its position in Lionsgate Studios by 847.4% during the third quarter. Sterling Capital Management LLC now owns 6,622 shares of the company’s stock valued at $74,000 after buying an additional 5,923 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Lionsgate Studios during the 3rd quarter worth about $328,000. TD Waterhouse Canada Inc. boosted its position in Lionsgate Studios by 72.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 41,993 shares of the company’s stock worth $472,000 after acquiring an additional 17,582 shares during the period. State of Alaska Department of Revenue boosted its position in Lionsgate Studios by 39.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,335 shares of the company’s stock worth $149,000 after acquiring an additional 3,765 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Lionsgate Studios during the 2nd quarter worth about $118,000.

Lionsgate Studios Company Profile

Lionsgate Studios (NYSE:LION) is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.

The company’s film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.