Citizens Jmp Begins Coverage on Lionsgate Studios (NYSE:LION)

Equities researchers at Citizens Jmp assumed coverage on shares of Lionsgate Studios (NYSE:LION) in a note issued to investors on Monday, Briefing.com reports. The brokerage set an “outperform” rating and a $18.00 price target on the stock. Citizens Jmp’s price target indicates a potential upside of 60.00% from the company’s previous close.

A number of other research firms have also recently commented on LION. Robert W. Baird raised their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Benchmark increased their price objective on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research note on Thursday, August 6th. B. Riley Financial decreased their target price on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, Barrington Research upped their price target on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.84.

Lionsgate Studios Stock Performance

Shares of LION opened at $11.25 on Monday. The firm has a market cap of $3.35 billion, a PE ratio of -26.79 and a beta of 0.66. Lionsgate Studios has a 52-week low of $5.88 and a 52-week high of $16.70. The business’s 50 day moving average price is $12.46 and its two-hundred day moving average price is $12.18.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. Research analysts predict that Lionsgate Studios will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Lionsgate Studios during the second quarter valued at about $251,521,000. Wellington Management Group LLP bought a new stake in shares of Lionsgate Studios during the second quarter worth about $113,683,000. Jefferies Financial Group Inc. acquired a new stake in shares of Lionsgate Studios in the 2nd quarter worth about $88,896,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Lionsgate Studios in the 4th quarter worth about $51,119,000. Finally, Coastal Bridge Advisors LLC bought a new position in Lionsgate Studios in the 2nd quarter valued at about $83,144,000.

About Lionsgate Studios

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.