Lionsgate Studios (NYSE:LION) Research Coverage Started at Citizens Jmp

Citizens Jmp began coverage on shares of Lionsgate Studios (NYSE:LION) in a research report report published on Monday, MarketBeat.com reports. The brokerage issued a market outperform rating and a $18.00 price objective on the stock.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Seaport Research Partners restated a “buy” rating and set a $17.00 price target on shares of Lionsgate Studios in a report on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Citigroup initiated coverage on Lionsgate Studios in a research note on Monday. They issued a “market outperform” rating on the stock. Finally, Zacks Research lowered Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.84.

Lionsgate Studios Trading Up 1.1%

NYSE:LION opened at $11.31 on Monday. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -26.93 and a beta of 0.66. Lionsgate Studios has a 1-year low of $5.88 and a 1-year high of $16.70. The business’s fifty day moving average price is $12.31 and its 200 day moving average price is $12.25.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. Equities analysts forecast that Lionsgate Studios will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Lionsgate Studios

Several institutional investors have recently bought and sold shares of LION. BlackRock Inc. bought a new stake in shares of Lionsgate Studios during the 2nd quarter worth about $251,521,000. Wellington Management Group LLP bought a new position in shares of Lionsgate Studios in the 2nd quarter valued at approximately $113,683,000. Jefferies Financial Group Inc. acquired a new stake in Lionsgate Studios in the 2nd quarter worth approximately $88,896,000. Coastal Bridge Advisors LLC acquired a new stake in Lionsgate Studios in the 2nd quarter worth approximately $83,144,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Lionsgate Studios in the 4th quarter worth approximately $51,119,000.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. (NYSE:LION) is an entertainment company focused on the development, production and distribution of motion pictures and television programming. Its studio operations include theatrical films, television series, home entertainment and digital distribution, as well as the licensing and monetization of a broad content library.

The company owns or distributes well-known film franchises such as The Hunger Games, John Wick, Saw, Twilight and Now You See Me.