Lionsgate Studios (NYSE:LION) Now Covered by Analysts at Citizens Jmp

Key Points

• Citizens JMP initiated coverage of Lionsgate Studios with an “outperform” rating and an $18 price target, implying approximately 60% upside from the stock’s $11.25 price.
• Analyst sentiment is generally positive: eight analysts rate the stock a Buy, two rate it Hold, and one rates it Sell, resulting in a consensus “Moderate Buy” rating and an average target price of $15.84.
• Lionsgate reported quarterly earnings of $0.06 per share, exceeding estimates by $0.14, while revenue of $776.6 million also surpassed analyst expectations of $703.1 million.

Citizens Jmp assumed coverage on shares of Lionsgate Studios (NYSE:LION - Get Free Report) in a research report issued to clients and investors on Monday, Briefing.com reports. The brokerage set an "outperform" rating and a $18.00 price target on the stock. Citizens Jmp's price target points to a potential upside of 60.00% from the stock's current price.

A number of other brokerages have also issued reports on LION. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lionsgate Studios in a report on Friday, July 17th. Seaport Research Partners restated a "buy" rating and issued a $17.00 price target on shares of Lionsgate Studios in a research report on Friday, August 7th. Robert W. Baird raised their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Wednesday, June 17th. Zacks Research lowered shares of Lionsgate Studios from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research note on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.84.

Lionsgate Studios Stock Performance

NYSE LION opened at $11.25 on Monday. The firm's fifty day moving average price is $12.46 and its two-hundred day moving average price is $12.18. The stock has a market cap of $3.35 billion, a PE ratio of -26.79 and a beta of 0.66. Lionsgate Studios has a fifty-two week low of $5.88 and a fifty-two week high of $16.70.

Lionsgate Studios (NYSE:LION - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.14. The firm had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. As a group, sell-side analysts predict that Lionsgate Studios will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LION. Royal Bank of Canada increased its position in shares of Lionsgate Studios by 183.1% during the first quarter. Royal Bank of Canada now owns 1,111,046 shares of the company's stock worth $10,656,000 after buying an additional 718,527 shares during the period. BlackRock Inc. acquired a new position in Lionsgate Studios in the second quarter valued at $251,521,000. Union Square Park Capital Management LLC boosted its position in Lionsgate Studios by 39.6% during the fourth quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company's stock valued at $2,739,000 after acquiring an additional 85,100 shares during the last quarter. Bank of New York Mellon Corp grew its holdings 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 acquiring an additional 174,433 shares during the period. Finally, Coastal Bridge Advisors LLC acquired a new stake in Lionsgate Studios during the 2nd quarter worth about $83,144,000.

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.

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