Morgan Stanley Issues Positive Forecast for Lionsgate Studios (NYSE:LION) Stock Price

Lionsgate Studios (NYSE:LION) had its target price hoisted by Morgan Stanley from $11.00 to $14.00 in a report issued on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Wells Fargo & Company lifted their price objective on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Citigroup lowered 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 research note on Monday, April 20th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Robert W. Baird lifted their price objective on Lionsgate Studios from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.71.

Lionsgate Studios Price Performance

Shares of Lionsgate Studios stock traded up $0.23 during trading hours on Friday, reaching $12.67. The company had a trading volume of 2,906,669 shares, compared to its average volume of 3,918,241. Lionsgate Studios has a one year low of $5.55 and a one year high of $12.81. The business has a fifty day simple moving average of $10.15 and a 200 day simple moving average of $8.71. The firm has a market cap of $3.68 billion, a PE ratio of -14.91 and a beta of 0.56.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The firm had revenue of $724.30 million during the quarter, compared to analysts’ expectations of $706.03 million. On average, research analysts forecast that Lionsgate Studios will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Lionsgate Studios

Several large investors have recently added to or reduced their stakes in the business. Abel Hall LLC boosted its stake in Lionsgate Studios by 52.2% during the first quarter. Abel Hall LLC now owns 17,397 shares of the company’s stock valued at $167,000 after buying an additional 5,968 shares during the period. Praxis Investment Management Inc. purchased a new stake in Lionsgate Studios during the first quarter valued at about $117,000. Pictet Asset Management Holding SA raised its position in Lionsgate Studios by 15.0% during the first quarter. Pictet Asset Management Holding SA now owns 41,321 shares of the company’s stock valued at $396,000 after purchasing an additional 5,377 shares in the last quarter. SG Americas Securities LLC raised its position in Lionsgate Studios by 132.2% during the first quarter. SG Americas Securities LLC now owns 55,243 shares of the company’s stock valued at $530,000 after purchasing an additional 31,453 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Lionsgate Studios during the fourth quarter valued at about $294,000.

About Lionsgate Studios

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.