Lionsgate Entertainment (NYSE:LION) Earns Hold Rating from Analysts at Loop Capital

Loop Capital began coverage on shares of Lionsgate Entertainment (NYSE:LION) in a report released on Wednesday, MarketBeat.com reports. The brokerage issued a hold rating and a $8.00 price target on the stock.

LION has been the topic of several other reports. Morgan Stanley lowered their target price on Lionsgate Entertainment from $8.50 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. TD Cowen started coverage on Lionsgate Entertainment in a research report on Tuesday. They issued a “hold” rating and a $8.00 price objective on the stock. JPMorgan Chase & Co. upgraded Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $8.00 to $9.00 in a research report on Monday, March 31st. Citigroup lowered their price objective on Lionsgate Entertainment from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Finally, Raymond James started coverage on Lionsgate Entertainment in a research report on Tuesday, May 20th. They issued an “outperform” rating and a $10.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $8.86.

Lionsgate Entertainment Price Performance

Shares of LION opened at $6.46 on Wednesday. Lionsgate Entertainment has a one year low of $6.40 and a one year high of $8.50. The firm has a market capitalization of $1.86 billion, a P/E ratio of -5.21, a PEG ratio of 13.47 and a beta of 1.07. The business has a fifty day moving average of $7.60 and a 200 day moving average of $8.32.

Lionsgate Entertainment (NYSE:LION) last released its earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.33). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Lionsgate Entertainment had a negative net margin of 7.34% and a negative return on equity of 57.26%. Analysts expect that Lionsgate Entertainment will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Entertainment

A number of hedge funds have recently made changes to their positions in LION. Trexquant Investment LP purchased a new stake in shares of Lionsgate Entertainment in the first quarter worth about $81,000. EntryPoint Capital LLC lifted its position in shares of Lionsgate Entertainment by 60.9% in the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock worth $275,000 after buying an additional 13,910 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of Lionsgate Entertainment by 32.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after buying an additional 19,740 shares in the last quarter. Nexpoint Asset Management L.P. lifted its position in shares of Lionsgate Entertainment by 11.8% in the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company’s stock worth $660,000 after buying an additional 9,300 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Lionsgate Entertainment in the first quarter worth about $825,000. 34.05% of the stock is currently owned by hedge funds and other institutional investors.

Lionsgate Entertainment Company Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.