Lionsgate Studios (NYSE:LION) Cut to “Hold” at Wall Street Zen

by · The Markets Daily

Wall Street Zen lowered 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 morning,Wall Street Zen reports.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $15.00 target price on shares of Lionsgate Studios in a research report on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Lionsgate Studios in a research note on Friday, September 25th. They set an “underweight” rating and a $9.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday, October 15th. Finally, Seaport Research Partners restated a “buy” rating and issued a $17.00 price target on shares of Lionsgate Studios in a report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.16.

Read Our Latest Report on LION

Lionsgate Studios Stock Up 2.5%

LION opened at $12.44 on Friday. The stock’s 50 day moving average price is $11.46 and its 200-day moving average price is $11.63. Lionsgate Studios has a one year low of $6.33 and a one year 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 earnings per share (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 the consensus estimate of $703.10 million. Equities analysts forecast that Lionsgate Studios will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LION. Trace Wealth Advisors LLC bought a new stake in shares of Lionsgate Studios in the third quarter valued at about $326,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Lionsgate Studios by 823.1% during the 3rd 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 holdings in Lionsgate Studios by 847.4% during the 3rd 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. bought a new position in Lionsgate Studios during the 3rd quarter worth about $328,000. Finally, TD Waterhouse Canada Inc. increased its position in Lionsgate Studios by 72.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 41,993 shares of the company’s stock valued at $472,000 after purchasing an additional 17,582 shares during the period.

Lionsgate Studios Company Profile

(Get Free Report)

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.

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