Lionsgate Studios (NYSE:LION) Price Target Raised to $20.00 at Robert W. Baird

Lionsgate Studios (NYSE:LION) had its price objective boosted by Robert W. Baird from $18.00 to $20.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 22.03% from the stock’s current price.

Several other equities analysts have also commented on the stock. Seaport Research Partners reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Lionsgate Studios in a research report on Friday, May 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research report on Friday, May 22nd. Barrington Research increased their price objective on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their price objective for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.37.

Lionsgate Studios Stock Up 14.1%

NYSE:LION opened at $16.39 on Wednesday. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of -22.76 and a beta of 0.69. The firm has a 50 day moving average of $12.65 and a 200 day moving average of $10.25. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $16.70.

Hedge Funds Weigh In On Lionsgate Studios

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in Lionsgate Studios by 99.3% during the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after buying an additional 1,773 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Lionsgate Studios during the 4th quarter worth approximately $44,000. Osaic Holdings Inc. grew its stake 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 purchasing an additional 4,852 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Lionsgate Studios during the 3rd quarter worth approximately $38,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Lionsgate Studios by 4,457.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock worth $55,000 after purchasing an additional 5,839 shares during the period.

Key Headlines Impacting Lionsgate Studios

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: Takeover speculation continued to support the stock, with reports that Netflix could be eyeing Lionsgate as part of its broader M&A strategy. Netflix eyes Lionsgate after losing to Fox on Roku deal: report
• Positive Sentiment: Traders piled into bullish options, with call volume far above normal, suggesting speculation of further upside in Lionsgate Studios. Lionsgate Studios Corp. (LION) Surges 13.9%: Is This an Indication of Further Gains?
• Positive Sentiment: The stock hit a new 52-week high, reflecting strong momentum and investor interest in the name. Lionsgate Studios (NYSE:LION) Sets New 52-Week High – What’s Next?
• Neutral Sentiment: Several articles repeated the same merger chatter and market reaction, reinforcing the story but adding little new fundamental information. Report: Netflix Eyeing Potential Lionsgate Acquisition After Missing Out on Warner Bros.
• Negative Sentiment: Netflix publicly denied interest in pursuing Lionsgate, which cooled some of the takeover enthusiasm and could limit near-term upside if no deal emerges. Not interested: Netflix denies pursuing Lionsgate as M&A heats up

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.