Lionsgate Studios (NYSE:LION) Trading 5.6% Higher – Still a Buy?

Lionsgate Studios Corp. (NYSE:LION) shares were up 5.6% during trading on Thursday . The stock traded as high as $8.29 and last traded at $8.29. Approximately 683,861 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 2,374,674 shares. The stock had previously closed at $7.85.

Analyst Upgrades and Downgrades

LION has been the topic of a number of research analyst reports. Robert W. Baird assumed coverage on Lionsgate Studios in a report on Friday, September 5th. They set an “outperform” rating and a $8.00 target price on the stock. Benchmark upped their price target on Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Barrington Research restated an “outperform” rating and set a $8.50 target price on shares of Lionsgate Studios in a report on Friday, November 7th. Finally, Baird R W upgraded shares of Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.95.

Lionsgate Studios Trading Down 0.8%

The company’s 50 day moving average price is $6.76 and its two-hundred day moving average price is $6.54. The firm has a market cap of $2.37 billion, a PE ratio of -12.21 and a beta of -0.27.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Equities research analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lionsgate Studios

Large investors have recently added to or reduced their stakes in the company. Liberty 77 Capital L.P. purchased a new position in Lionsgate Studios in the second quarter worth about $214,831,000. Anson Funds Management LP lifted its stake in shares of Lionsgate Studios by 5.7% in the 3rd quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock valued at $48,394,000 after purchasing an additional 379,388 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Lionsgate Studios by 251.0% in the 2nd quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock worth $33,732,000 after purchasing an additional 4,151,822 shares during the period. Geode Capital Management LLC increased its position in shares of Lionsgate Studios by 658.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company’s stock valued at $27,547,000 after purchasing an additional 4,115,334 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Lionsgate Studios by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after buying an additional 837,774 shares during the period.

Lionsgate Studios 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.