Lionsgate Studios (NYSE:LION) Reaches New 52-Week High – Should You Buy?

Shares of Lionsgate Studios Corp. (NYSE:LION) hit a new 52-week high on Thursday . The company traded as high as $13.03 and last traded at $13.01, with a volume of 3642642 shares trading hands. The stock had previously closed at $12.60.

Analyst Ratings Changes

A number of research analysts recently weighed in on LION shares. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Wall Street Zen cut shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Citigroup cut shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $12.60 in a report on Monday, April 20th. Morgan Stanley lifted their price objective on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Barrington Research boosted their target price on Lionsgate Studios from $11.50 to $14.50 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lionsgate Studios currently has a consensus rating of “Hold” and a consensus target price of $12.12.

Lionsgate Studios Trading Up 2.3%

The company has a market cap of $3.74 billion, a price-to-earnings ratio of -15.16 and a beta of 0.56. The firm’s fifty day simple moving average is $10.95 and its 200 day simple moving average is $9.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after acquiring an additional 837,774 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Lionsgate Studios by 198.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after acquiring an additional 275,839 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Lionsgate Studios in the 1st quarter valued at about $825,000. Envestnet Asset Management Inc. purchased a new position in shares of Lionsgate Studios in the 2nd quarter valued at about $77,000. Finally, Creative Planning purchased a new position in shares of Lionsgate Studios in the 2nd quarter valued at about $117,000.

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.