Lionsgate Studios Corp. (NYSE:LION) Stock Has Average Target Price of $15.16

Lionsgate Studios Corp. (NYSE:LION) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.16.

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Friday, July 17th. Morgan Stanley restated an “overweight” rating and set a $15.00 target price on shares of Lionsgate Studios in a report on Thursday, August 6th. Zacks Research cut shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Lionsgate Studios from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Finally, B. Riley Financial decreased their price objective on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 10th.

Hedge Funds Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently bought and sold shares of LION. Nykredit A S acquired a new stake in Lionsgate Studios during the 2nd quarter valued at approximately $49,000. WINTON GROUP Ltd lifted its stake in Lionsgate Studios by 1.6% during the 4th quarter. WINTON GROUP Ltd now owns 223,694 shares of the company’s stock valued at $2,042,000 after acquiring an additional 3,594 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Lionsgate Studios by 15.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 41,321 shares of the company’s stock worth $396,000 after buying an additional 5,377 shares during the last quarter. Abel Hall LLC raised its position in Lionsgate Studios by 52.2% in the first quarter. Abel Hall LLC now owns 17,397 shares of the company’s stock worth $167,000 after acquiring an additional 5,968 shares during the period. Finally, Sei Investments Co. grew its holdings in Lionsgate Studios by 4.1% during the first quarter. Sei Investments Co. now owns 158,677 shares of the company’s stock valued at $1,522,000 after purchasing an additional 6,312 shares during the period.

Lionsgate Studios Trading Down 0.3%

LION opened at $11.28 on Friday. The stock has a market cap of $3.36 billion, a PE ratio of -26.86 and a beta of 0.67. The stock’s 50 day simple moving average is $11.57 and its 200-day simple moving average is $12.41. Lionsgate Studios has a 1 year low of $5.88 and a 1 year high of $16.70.

Lionsgate Studios (NYSE:LION) last posted its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.14. The firm had revenue of $776.60 million during the quarter, compared to the consensus estimate of $703.10 million. Equities analysts forecast that Lionsgate Studios will post 0.03 earnings per share for the current fiscal year.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. (NYSE: LION) is a global entertainment company focused on developing, producing and distributing motion pictures and television programming. Its operations include the Lionsgate Motion Picture Group, Lionsgate Television and related entertainment businesses that create content for theaters, broadcast networks, cable channels and streaming platforms.

The company’s portfolio includes feature films, scripted and unscripted television series, and a broad library of licensed and owned content.