Wall Street Zen Upgrades Lionsgate Studios (NYSE:LION) to “Buy”

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

Other equities analysts have also issued research reports about the company. Benchmark lifted their price objective on Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note 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 dropped their target price on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Citigroup initiated coverage on Lionsgate Studios in a research report on Monday, September 14th. They set a “market outperform” rating for the company. Finally, Barrington Research lifted their price target on Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $15.84.

Lionsgate Studios Price Performance

LION stock opened at $10.70 on Friday. The firm’s fifty day simple moving average is $12.21 and its 200-day simple moving average is $12.28. The company has a market capitalization of $3.18 billion, a P/E ratio of -25.48 and a beta of 0.66. Lionsgate Studios has a 12 month low of $5.88 and a 12 month high of $16.70.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to analysts’ expectations of $703.10 million. As a group, sell-side analysts forecast that Lionsgate Studios will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.