Lionsgate Studios Corp. (NYSE:LION) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.5750.

A number of analysts have weighed in on the company. Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their target price for the stock from $11.00 to $12.60 in a report on Monday, April 20th. B. Riley Financial cut their price target on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday. Wall Street Zen cut Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd.

Lionsgate Studios Stock Performance

NYSE LION opened at $11.73 on Thursday. The firm’s 50 day moving average price is $13.95 and its 200-day moving average price is $11.80. Lionsgate Studios has a 52-week low of $5.88 and a 52-week high of $16.70. The company has a market cap of $3.49 billion, a PE ratio of -27.93 and a beta of 0.72.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LION. Osaic Holdings Inc. boosted its stake in Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in Lionsgate Studios in the third quarter worth $38,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Lionsgate Studios during the fourth quarter worth $44,000. Farther Finance Advisors LLC increased its position in shares of 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 purchasing an additional 5,839 shares in the last quarter. Finally, Walleye Trading LLC purchased a new stake in shares of Lionsgate Studios during the 2nd quarter valued at $60,000.

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.