Lionsgate Studios (NYSE:LION) Reaches New 12-Month High Following Analyst Upgrade

Lionsgate Studios Corp. (NYSE:LION) shares hit a new 52-week high during mid-day trading on Friday after Morgan Stanley raised their price target on the stock from $11.00 to $14.00. Morgan Stanley currently has an overweight rating on the stock. Lionsgate Studios traded as high as $12.65 and last traded at $12.36, with a volume of 114179 shares traded. The stock had previously closed at $12.44.

Other equities analysts have also recently issued reports about the company. Robert W. Baird increased their target price on Lionsgate Studios from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Benchmark increased their target price on Lionsgate Studios from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen cut Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Finally, Barrington Research increased their target price on Lionsgate Studios from $11.50 to $14.50 and gave the stock an “outperform” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LION. Jericho Capital Asset Management L.P. bought a new position in Lionsgate Studios in the 4th quarter valued at $51,119,000. Anson Funds Management LP boosted its position 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 valued at $87,255,000 after buying an additional 2,543,352 shares during the last quarter. Marshall Wace LLP boosted its position in Lionsgate Studios by 273.4% in the 4th quarter. Marshall Wace LLP now owns 2,331,777 shares of the company’s stock valued at $21,289,000 after buying an additional 1,707,282 shares during the last quarter. Broad Bay Capital Management LP boosted its position in 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 valued at $47,184,000 after buying an additional 1,441,700 shares during the last quarter. Finally, Ratan Capital Management LP bought a new position in Lionsgate Studios in the 3rd quarter valued at $9,142,000.

Lionsgate Studios Stock Performance

The stock has a market capitalization of $3.58 billion, a P/E ratio of -14.49 and a beta of -0.48. The stock has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $8.71.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $724.30 million during the quarter, compared to analysts’ expectations of $706.03 million. Equities analysts predict that Lionsgate Studios Corp. will post -0.53 earnings per share for the current year.

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.