Lionsgate Studios (NYSE:LION) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a sell rating to a hold rating in a report released on Saturday.

Several other analysts also recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $8.50 price target on shares of Lionsgate Studios in a research note on Friday, November 7th. Benchmark raised their price target on shares of Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 24th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $10.00 price objective on shares of Lionsgate Studios in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lionsgate Studios presently has an average rating of “Moderate Buy” and a consensus price target of $9.14.

Lionsgate Studios Stock Performance

Shares of LION stock opened at $9.52 on Friday. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $9.55. The company’s 50 day moving average price is $8.10 and its two-hundred day moving average price is $7.02. The company has a market capitalization of $2.76 billion, a P/E ratio of -14.21 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Analysts forecast that Lionsgate Studios will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Michael Raymond Burns sold 21,748 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the sale, the insider directly owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bessemer Group Inc. acquired a new stake in Lionsgate Studios during the 2nd quarter worth approximately $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in Lionsgate Studios during the 2nd quarter worth about $26,000. Osaic Holdings Inc. boosted its stake in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after purchasing an additional 4,852 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Lionsgate Studios during the second quarter worth $31,000. Finally, GAMMA Investing LLC increased its position in shares of Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after buying an additional 1,773 shares during the period.

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.