Lionsgate Studios (NYSE:LION) Raised to Hold at Wall Street Zen
by Renee Jackson · The Cerbat GemLionsgate Studios (NYSE:LION – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.
Other equities analysts also recently issued research reports about the stock. Citigroup raised their price objective on shares of Lionsgate Studios from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Robert W. Baird raised their price objective on shares of Lionsgate Studios from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. Barrington Research reissued an “outperform” rating and issued a $11.50 price objective on shares of Lionsgate Studios in a report on Friday, February 6th. Finally, Zacks Research raised shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.65.
View Our Latest Report on LION
Lionsgate Studios Trading Up 0.1%
LION opened at $12.46 on Friday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -14.66 and a beta of -0.48. The company’s 50 day moving average is $9.55 and its 200 day moving average is $8.39. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $12.47.
Lionsgate Studios (NYSE:LION – Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $724.30 million for the quarter, compared to the consensus estimate of $706.03 million. As a group, analysts predict that Lionsgate Studios will post 0.08 EPS for the current fiscal year.
Institutional Investors Weigh In On Lionsgate Studios
Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lionsgate Studios during the fourth quarter valued at approximately $44,000. Osaic Holdings Inc. raised its position in shares of Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after buying an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of Lionsgate Studios during the third quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC raised its position in shares of Lionsgate Studios by 4,457.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after buying an additional 5,839 shares during the last quarter.
About Lionsgate Studios
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.