Lionsgate Studios (NYSE:LION) Shares Gap Up – Still a Buy?

Lionsgate Studios Corp. (NYSE:LIONGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $12.91, but opened at $13.56. Lionsgate Studios shares last traded at $14.21, with a volume of 1,833,518 shares trading hands.

Key Stories Impacting Lionsgate Studios

Here are the key news stories impacting Lionsgate Studios this week:

Wall Street Analysts Forecast Growth

LION has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Robert W. Baird boosted their price objective on shares of Lionsgate Studios from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Benchmark boosted their price objective on shares of Lionsgate Studios from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $11.00 to $12.60 in a report on Monday, April 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.12.

Check Out Our Latest Stock Report on Lionsgate Studios

Lionsgate Studios Stock Performance

The stock has a market cap of $4.10 billion, a price-to-earnings ratio of -16.61 and a beta of 0.56. The business’s fifty day simple moving average is $11.00 and its 200 day simple moving average is $9.32.

Institutional Investors Weigh In On Lionsgate Studios

Institutional investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd raised its stake in shares of Lionsgate Studios by 201.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 225,210 shares of the company’s stock valued at $1,554,000 after purchasing an additional 150,472 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Lionsgate Studios in the 3rd quarter valued at about $1,357,000. Compass Rose Asset Management LP acquired a new stake in shares of Lionsgate Studios in the 3rd quarter valued at about $3,450,000. WINTON GROUP Ltd raised its stake in shares of Lionsgate Studios by 143.2% in the 3rd quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock valued at $1,519,000 after purchasing an additional 129,611 shares in the last quarter. Finally, Anson Funds Management LP raised its stake in shares of Lionsgate Studios by 5.7% in the 3rd quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock valued at $48,394,000 after purchasing an additional 379,388 shares in the last quarter.

Lionsgate Studios Company Profile

(Get Free Report)

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.

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