Lionsgate Studios (NYSE:LION) Rating Lowered to “Hold” at Zacks Research

Lionsgate Studios (NYSE:LION) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on LION. Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $12.60 in a research note on Monday, April 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Barrington Research raised their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Seaport Research Partners restated a “buy” rating and issued a $16.00 price target on shares of Lionsgate Studios in a research report on Friday, May 22nd. Finally, Benchmark upped their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lionsgate Studios presently has an average rating of “Hold” and a consensus target price of $15.57.

Lionsgate Studios Trading Down 3.1%

Shares of Lionsgate Studios stock opened at $13.42 on Wednesday. The stock has a 50 day moving average of $14.16 and a 200 day moving average of $11.43. Lionsgate Studios has a 12 month low of $5.65 and a 12 month high of $16.70. The firm has a market cap of $3.90 billion, a PE ratio of -18.64 and a beta of 0.64.

Institutional Investors Weigh In On Lionsgate Studios

Several large investors have recently added to or reduced their stakes in LION. GAMMA Investing LLC lifted its stake in shares of Lionsgate Studios by 99.3% in the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lionsgate Studios in the 4th quarter worth approximately $44,000. Osaic Holdings Inc. increased its position 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 valued at $29,000 after purchasing an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Lionsgate Studios during the 3rd quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC raised its holdings in Lionsgate Studios by 4,457.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after buying an additional 5,839 shares during the period.

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.