B. Riley Financial Cuts Lionsgate Studios (NYSE:LION) Price Target to $16.00

Lionsgate Studios (NYSE:LION) had its price objective trimmed by B. Riley Financial from $17.00 to $16.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on LION. Seaport Research Partners reissued a “buy” rating and issued a $17.00 target price on shares of Lionsgate Studios in a research note on Friday, August 7th. Citigroup cut Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their target price for the company from $11.00 to $12.60 in a report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Robert W. Baird upped their price target on Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Finally, Benchmark raised their price objective on 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, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lionsgate Studios currently has an average rating of “Moderate Buy” and an average price target of $15.57.

Lionsgate Studios Trading Down 1.2%

Shares of Lionsgate Studios stock opened at $11.73 on Monday. Lionsgate Studios has a 12-month low of $5.88 and a 12-month high of $16.70. The stock has a market cap of $3.49 billion, a PE ratio of -27.93 and a beta of 0.72. The company has a 50-day moving average of $13.95 and a two-hundred day moving average of $11.80.

Hedge Funds Weigh In On Lionsgate Studios

A number of hedge funds and other institutional investors have recently modified their holdings of LION. Osaic Holdings Inc. grew its holdings 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 acquiring an additional 4,852 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Lionsgate Studios in the third quarter worth about $38,000. Caitong International Asset Management Co. Ltd bought a new position in Lionsgate Studios in the 4th quarter worth approximately $44,000. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 5,839 shares during the last quarter. Finally, Walleye Trading LLC acquired a new position in shares of Lionsgate Studios during the second quarter valued at about $60,000.

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.