Lionsgate Studios (NYSE:LION) Trading Up 8.4% – Still a Buy?

Lionsgate Studios Corp. (NYSE:LION)’s share price shot up 8.4% during trading on Tuesday . The company traded as high as $15.80 and last traded at $15.58. 1,463,067 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 3,020,715 shares. The stock had previously closed at $14.37.

Analyst Upgrades and Downgrades

LION has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Barrington Research boosted their target price on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Citigroup downgraded shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and raised their price target for the company from $11.00 to $12.60 in a report on Monday, April 20th. Finally, Benchmark lifted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.80.

Lionsgate Studios Stock Performance

The stock has a market capitalization of $4.82 billion, a P/E ratio of -23.04 and a beta of 0.69. The firm has a fifty day moving average price of $12.51 and a two-hundred day moving average price of $10.19.

Institutional Trading of Lionsgate Studios

Large investors have recently modified their holdings of the company. Compass Rose Asset Management LP purchased a new position in shares of Lionsgate Studios in the third quarter worth approximately $3,450,000. WINTON GROUP Ltd boosted its holdings in shares of Lionsgate Studios by 143.2% in the third quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock worth $1,519,000 after buying an additional 129,611 shares during the last quarter. Anson Funds Management LP boosted its holdings in shares of Lionsgate Studios by 5.7% in the third quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock worth $48,394,000 after buying an additional 379,388 shares during the last quarter. Herbst Group LLC purchased a new position in shares of Lionsgate Studios in the fourth quarter worth approximately $1,649,000. Finally, Credit Industriel ET Commercial boosted its holdings in shares of Lionsgate Studios by 45.4% in the third quarter. Credit Industriel ET Commercial now owns 332,625 shares of the company’s stock worth $2,295,000 after buying an additional 103,859 shares during the last quarter.

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.