Lionsgate Studios (NYSE:LION) Lowered to Hold Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Lionsgate Studios (NYSE:LION – Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday,Wall Street Zen reports.

Other research analysts have also issued reports about the company. Morgan Stanley reaffirmed an “overweight” rating and set a $15.00 target price on shares of Lionsgate Studios in a research report on Thursday, August 6th. Robert W. Baird increased their price target on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. B. Riley Financial lowered their price objective on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Benchmark lifted their price objective on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Friday, July 17th. Six 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.57.

Check Out Our Latest Research Report on Lionsgate Studios

Lionsgate Studios Stock Performance

Shares of NYSE LION opened at $11.18 on Friday. The firm has a 50 day moving average price of $12.85 and a two-hundred day moving average price of $12.09. The stock has a market cap of $3.33 billion, a P/E ratio of -26.62 and a beta of 0.66. Lionsgate Studios has a 52-week low of $5.88 and a 52-week high of $16.70.

Lionsgate Studios (NYSE:LION – Get Free Report) last issued its quarterly earnings results 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. Analysts predict that Lionsgate Studios will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

Several institutional investors and hedge funds have recently made changes to their positions in LION. Osaic Holdings Inc. increased its holdings in Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after purchasing an additional 4,852 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Lionsgate Studios during the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Lionsgate Studios during the 4th quarter worth approximately $44,000. Nykredit A S acquired a new stake in shares of Lionsgate Studios during the 2nd quarter worth approximately $49,000. Finally, Walleye Trading LLC acquired a new stake in shares of Lionsgate Studios during the 2nd quarter worth approximately $60,000.

About Lionsgate Studios

(Get Free Report)

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.

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