Lionsgate Studios (NYSE:LION) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday, October 15th. B. Riley Financial reduced their price target on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Citigroup began coverage on shares of Lionsgate Studios in a research report on Monday, September 14th. They issued a “market outperform” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of Lionsgate Studios in a report on Friday, September 25th. They set an “underweight” rating and a $9.00 price objective on the stock. Finally, Zacks Research downgraded shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lionsgate Studios currently has an average rating of “Moderate Buy” and an average target price of $15.16.

Lionsgate Studios Trading Down 1.6%

NYSE:LION opened at $12.50 on Friday. Lionsgate Studios has a 1 year low of $6.14 and a 1 year high of $16.70. The firm’s fifty day simple moving average is $11.34 and its 200 day simple moving average is $12.55. The firm has a market capitalization of $3.72 billion, a PE ratio of -29.76 and a beta of 0.67.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $776.60 million for the quarter, compared to the consensus estimate of $703.10 million. As a group, analysts anticipate that Lionsgate Studios will post 0.03 EPS for the current fiscal year.

Institutional Trading of Lionsgate Studios

A number of hedge funds and other institutional investors have recently made changes to their positions in LION. Royal Bank of Canada increased its position in Lionsgate Studios by 183.1% in the first quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock worth $10,656,000 after purchasing an additional 718,527 shares during the period. BlackRock Inc. bought a new stake in Lionsgate Studios during the 2nd quarter worth about $251,521,000. Bank of America Corp DE bought a new stake in Lionsgate Studios during the 2nd quarter worth about $7,214,000. Capstone Investment Advisors LLC acquired a new position in Lionsgate Studios during the 2nd quarter valued at about $6,231,000. Finally, Jefferies Financial Group Inc. acquired a new position in Lionsgate Studios during the 2nd quarter valued at about $88,896,000.

Lionsgate Studios Company Profile

Lionsgate Studios (NYSE:LION) is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.

The company’s film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.