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

Lionsgate Studios Corp. (NYSE:LION) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $15.16.

LION has been the subject of several research reports. Citigroup started coverage on shares of Lionsgate Studios in a report on Monday, September 14th. They set a “market outperform” rating for the company. Seaport Research Partners restated a “buy” rating and set a $17.00 price objective on shares of Lionsgate Studios in a research report on Friday, August 7th. JPMorgan Chase & Co. began coverage on Lionsgate Studios in a report on Friday, September 25th. They issued an “underweight” rating and a $9.00 target price on the stock. Zacks Research cut Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Thursday, October 15th.

Hedge Funds Weigh In On Lionsgate Studios

Institutional investors have recently added to or reduced their stakes in the company. Trace Wealth Advisors LLC purchased a new stake in shares of Lionsgate Studios during the 3rd quarter valued at about $326,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Lionsgate Studios by 823.1% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 123,700 shares of the company’s stock worth $1,385,000 after acquiring an additional 110,300 shares in the last quarter. Sterling Capital Management LLC grew its position in Lionsgate Studios by 847.4% in the third quarter. Sterling Capital Management LLC now owns 6,622 shares of the company’s stock worth $74,000 after acquiring an additional 5,923 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Lionsgate Studios in the third quarter worth about $328,000. Finally, TD Waterhouse Canada Inc. increased its stake in Lionsgate Studios by 72.0% during the third quarter. TD Waterhouse Canada Inc. now owns 41,993 shares of the company’s stock worth $472,000 after acquiring an additional 17,582 shares during the last quarter.

Lionsgate Studios Price Performance

LION stock opened at $12.15 on Tuesday. Lionsgate Studios has a one year low of $6.25 and a one year high of $16.70. The company’s fifty day moving average price is $11.44 and its 200-day moving average price is $11.61.

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

About Lionsgate Studios

Lionsgate Studios (NYSE:LION) is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.

The company’s film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.