Lionsgate Studios Corp. (NYSE:LION) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $15.5750.

Several equities research analysts recently issued reports on the stock. Seaport Research Partners reaffirmed a “buy” rating and set a $17.00 price target on shares of Lionsgate Studios in a research note on Friday, August 7th. Benchmark raised their target price on Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Robert W. Baird lifted their target price on Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. 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 research note on Monday, August 10th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $15.00 price target on shares of Lionsgate Studios in a report on Thursday, August 6th.

Hedge Funds Weigh In On Lionsgate Studios

Several institutional investors and hedge funds have recently made changes to their positions in LION. Osaic Holdings Inc. increased its stake in shares of Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after buying an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in Lionsgate Studios during the 3rd quarter worth $38,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lionsgate Studios in the 4th quarter worth about $44,000. Nykredit A S acquired a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $49,000. Finally, Walleye Trading LLC acquired a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $60,000.

Lionsgate Studios Stock Down 0.2%

NYSE LION opened at $11.25 on Monday. The stock has a market cap of $3.35 billion, a PE ratio of -26.79 and a beta of 0.66. Lionsgate Studios has a fifty-two week low of $5.88 and a fifty-two week high of $16.70. The business has a 50 day moving average price of $12.46 and a two-hundred day moving average price of $12.18.

Lionsgate Studios (NYSE:LION) last posted its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. Sell-side analysts anticipate that Lionsgate Studios will post 0.04 EPS for the current fiscal year.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. (NYSE:LION) is an entertainment company focused on the development, production and distribution of motion pictures and television programming. Its studio operations include theatrical films, television series, home entertainment and digital distribution, as well as the licensing and monetization of a broad content library.

The company owns or distributes well-known film franchises such as The Hunger Games, John Wick, Saw, Twilight and Now You See Me.