Lionsgate Studios (NYSE:LION) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Lionsgate Studios to “Hold” from “Buy,” although the broader analyst consensus remains “Moderate Buy,” with six Buy, three Hold and one Sell rating.
• Analysts have an average price target of $15.57, compared with the stock’s Friday opening price of $11.18; recent targets range from $15 to $20.
• Lionsgate Studios exceeded quarterly expectations, reporting $0.06 in EPS versus an estimated $0.08 loss and revenue of $776.6 million against a $703.1 million consensus estimate.

Lionsgate Studios (NYSE:LION - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday, Wall Street Zen reports.

Several other research firms have also recently issued reports on LION. B. Riley Financial cut 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. Benchmark lifted their price objective on Lionsgate Studios from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, June 11th. Robert W. Baird boosted their target price on Lionsgate Studios from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 17th. Morgan Stanley reissued an "overweight" rating and set a $15.00 target price on shares of Lionsgate Studios in a research note on Thursday, August 6th. Finally, Zacks Research cut Lionsgate Studios from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lionsgate Studios currently has an average rating of "Moderate Buy" and an average price target of $15.57.

Lionsgate Studios Stock Performance

Shares of LION opened at $11.18 on Friday. The stock has a market capitalization of $3.33 billion, a P/E ratio of -26.62 and a beta of 0.66. The company's fifty day moving average is $12.85 and its two-hundred day moving average is $12.06. Lionsgate Studios has a 1 year low of $5.88 and a 1 year high of $16.70.

Lionsgate Studios (NYSE:LION - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.14. The firm had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. Sell-side analysts predict that Lionsgate Studios will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Lionsgate Studios

A number of institutional investors have recently made changes to their positions in LION. Amundi acquired a new stake in shares of Lionsgate Studios during the second quarter valued at $169,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Lionsgate Studios in the 2nd quarter valued at about $205,000. California State Teachers Retirement System raised its stake in Lionsgate Studios by 1,390.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,709,414 shares of the company's stock valued at $56,791,000 after purchasing an additional 3,460,581 shares during the last quarter. AXQ Capital LP purchased a new position in Lionsgate Studios in the 2nd quarter valued at about $617,000. Finally, Nykredit A S purchased a new position in Lionsgate Studios in the 2nd quarter valued at about $49,000.

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.

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