Lionsgate Studios (NYSE:LION) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Lionsgate Studios (NYSE:LION) from a buy rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.

A number of other equities research analysts have also issued reports on LION. Citizens Jmp started coverage on Lionsgate Studios in a research report on Monday, September 14th. They set a “market outperform” rating and a $18.00 target price on the stock. Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Morgan Stanley reissued an “overweight” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday, October 15th. Finally, JPMorgan Chase & Co. began coverage on shares of Lionsgate Studios in a report on Friday, September 25th. They issued an “underweight” rating and a $9.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.16.

Lionsgate Studios Price Performance

NYSE:LION opened at $12.46 on Friday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of -29.67 and a beta of 0.58. Lionsgate Studios has a 1-year low of $6.18 and a 1-year high of $16.70. The company’s 50-day moving average is $11.43 and its two-hundred day moving average is $11.60.

Lionsgate Studios (NYSE:LION) last announced its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. As a group, equities analysts anticipate that Lionsgate Studios will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Lionsgate Studios during the second quarter valued at approximately $251,521,000. Wellington Management Group LLP purchased a new stake in shares of Lionsgate Studios in the 2nd quarter valued at $113,683,000. Jefferies Financial Group Inc. acquired a new position in shares of Lionsgate Studios during the second quarter worth $88,896,000. Coastal Bridge Advisors LLC acquired a new stake in shares of Lionsgate Studios in the second quarter valued at approximately $83,144,000. Finally, Cooper Creek Partners Management LLC purchased a new position in Lionsgate Studios during the first quarter worth about $43,715,000.

About Lionsgate Studios

Lionsgate Studios (NYSE:LION) is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.

The company’s film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.