Lionsgate Studios (NYSE:LION) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a sell rating to a hold rating in a research note released on Saturday morning.

Other research analysts also recently issued reports about the company. Morgan Stanley reiterated an “overweight” rating and set a $11.00 target price on shares of Lionsgate Studios in a research note on Friday, February 6th. Wells Fargo & Company lifted their target price on Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Citigroup lifted their target price on Lionsgate Studios from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Finally, Barrington Research reiterated an “outperform” rating and set a $11.50 target price on shares of Lionsgate Studios in a research note on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.81.

Lionsgate Studios Trading Down 0.1%

Shares of NYSE LION opened at $12.44 on Friday. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $12.58. The stock has a 50 day moving average of $9.62 and a 200-day moving average of $8.43. The company has a market capitalization of $3.61 billion, a P/E ratio of -14.64 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $724.30 million during the quarter, compared to the consensus estimate of $706.03 million. Analysts predict that Lionsgate Studios will post -0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after acquiring an additional 1,773 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Lionsgate Studios during the fourth quarter worth about $44,000. Osaic Holdings Inc. increased its position in Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after acquiring an additional 4,852 shares during the period. CIBC Private Wealth Group LLC bought a new position in Lionsgate Studios during the third quarter worth about $38,000. Finally, Farther Finance Advisors LLC increased its position in Lionsgate Studios by 4,457.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock worth $55,000 after acquiring an additional 5,839 shares during the period.

Lionsgate Studios Company Profile

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.