Lionsgate Studios Corp. (NYSE:LION) Receives Average Rating of “Hold” from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have earned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.91.

LION has been the subject of a number of research analyst reports. Benchmark upped their target price on shares of Lionsgate Studios from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Morgan Stanley upped their target price on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Robert W. Baird boosted their price target on shares of Lionsgate Studios from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Wall Street Zen cut shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Barrington Research boosted their price target on shares of Lionsgate Studios from $11.50 to $14.50 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th.

Institutional Investors Weigh In On Lionsgate Studios

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in Lionsgate Studios by 20.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,033,744 shares of the company’s stock worth $9,914,000 after buying an additional 174,433 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Lionsgate Studios during the 1st quarter worth about $241,000. Abel Hall LLC lifted its position in Lionsgate Studios by 52.2% during the 1st quarter. Abel Hall LLC now owns 17,397 shares of the company’s stock worth $167,000 after buying an additional 5,968 shares in the last quarter. Praxis Investment Management Inc. bought a new stake in Lionsgate Studios during the 1st quarter worth about $117,000. Finally, Pictet Asset Management Holding SA lifted its position in Lionsgate Studios by 15.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 41,321 shares of the company’s stock worth $396,000 after buying an additional 5,377 shares in the last quarter.

Lionsgate Studios Trading Down 0.8%

Shares of NYSE LION opened at $12.28 on Tuesday. The firm has a market cap of $3.56 billion, a PE ratio of -14.45 and a beta of 0.56. Lionsgate Studios has a 1-year low of $5.55 and a 1-year high of $13.00. The company has a fifty day moving average price of $10.40 and a 200 day moving average price of $8.89.

Lionsgate Studios (NYSE:LION) last announced its earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $724.30 million for the quarter, compared to analysts’ expectations of $706.03 million. Equities research analysts forecast that Lionsgate Studios will post -0.53 EPS for the current year.

Lionsgate Studios Company Profile

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.