Lionsgate Studios (NYSE:LION) Stock Gets Downgrade from Wall Street Zen

Lionsgate Studios (NYSE:LION) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

LION has been the subject of several other reports. Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. B. Riley Financial decreased their price objective on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Citizens Jmp initiated coverage on shares of Lionsgate Studios in a research note on Monday, September 14th. They set a “market outperform” rating and a $18.00 target price on the stock. Robert W. Baird lifted their target price on shares of Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $17.00 target price on shares of Lionsgate Studios in a report on Friday, August 7th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.16.

Lionsgate Studios Price Performance

Shares of Lionsgate Studios stock opened at $11.12 on Friday. The stock has a market capitalization of $3.31 billion, a P/E ratio of -26.48 and a beta of 0.67. The business has a 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $12.42. Lionsgate Studios has a 12 month low of $5.88 and a 12 month high of $16.70.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Lionsgate Studios in the second quarter valued at about $118,000. Baird Financial Group Inc. acquired a new stake in Lionsgate Studios during the second quarter worth about $250,000. Nykredit A S purchased a new position in Lionsgate Studios during the second quarter worth about $49,000. Amundi purchased a new position in Lionsgate Studios during the second quarter worth about $169,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Lionsgate Studios during the second quarter worth about $205,000.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. (NYSE: LION) is a global entertainment company focused on developing, producing and distributing motion pictures and television programming. Its operations include the Lionsgate Motion Picture Group, Lionsgate Television and related entertainment businesses that create content for theaters, broadcast networks, cable channels and streaming platforms.

The company’s portfolio includes feature films, scripted and unscripted television series, and a broad library of licensed and owned content.