Lionsgate Studios (NYSE:LION) Upgraded to Strong-Buy at Zacks Research

Lionsgate Studios (NYSE:LION) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on LION. Wall Street Zen downgraded Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a report on Friday, May 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Morgan Stanley increased their target price on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, B. Riley Financial assumed coverage on shares of Lionsgate Studios in a research report on Wednesday, July 1st. They issued a “neutral” rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.57.

Lionsgate Studios Price Performance

NYSE:LION opened at $13.52 on Tuesday. The business has a fifty day simple moving average of $13.91 and a two-hundred day simple moving average of $11.07. Lionsgate Studios has a 1 year low of $5.55 and a 1 year high of $16.70. The company has a market capitalization of $3.93 billion, a P/E ratio of -18.78 and a beta of 0.64.

Hedge Funds Weigh In On Lionsgate Studios

Several hedge funds have recently made changes to their positions in the stock. Jericho Capital Asset Management L.P. bought a new stake in shares of Lionsgate Studios during the 4th quarter valued at $51,119,000. Cooper Creek Partners Management LLC bought a new position in Lionsgate Studios in the 1st quarter worth about $43,715,000. Anson Funds Management LP grew its holdings in Lionsgate Studios by 36.3% during the 4th quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock valued at $87,255,000 after buying an additional 2,543,352 shares in the last quarter. Marshall Wace LLP grew its holdings in Lionsgate Studios by 273.4% during the 4th quarter. Marshall Wace LLP now owns 2,331,777 shares of the company’s stock valued at $21,289,000 after buying an additional 1,707,282 shares in the last quarter. Finally, Broad Bay Capital Management LP increased its position in shares of Lionsgate Studios by 38.7% during the fourth quarter. Broad Bay Capital Management LP now owns 5,168,008 shares of the company’s stock valued at $47,184,000 after buying an additional 1,441,700 shares during the period.

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.