Lionsgate Studios (NYSE:LION) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Lionsgate Studios from “Buy” to “Hold,” while the broader analyst consensus remains “Moderate Buy” with a $15.16 target price.
• Lionsgate shares opened at $11.12, below their 50-day and 200-day moving averages, and are down 1.4%; the stock has traded between $5.88 and $16.70 over the past year.
• The company exceeded quarterly expectations, reporting $0.06 in adjusted EPS versus an estimated $0.08 loss and revenue of $776.6 million versus the $703.1 million consensus.

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

Several other equities research analysts have also issued reports on LION. Robert W. Baird upped their price target on Lionsgate Studios from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Wednesday, June 17th. Zacks Research lowered shares of Lionsgate Studios from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. B. Riley Financial dropped their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. Morgan Stanley restated an "overweight" rating and issued a $15.00 price target on shares of Lionsgate Studios in a research report on Thursday, August 6th. Finally, Seaport Research Partners reaffirmed a "buy" rating and issued a $17.00 price target on shares of Lionsgate Studios in a report on Friday, August 7th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $15.16.

Lionsgate Studios Stock Down 1.4%

Shares of NYSE LION opened at $11.12 on Friday. Lionsgate Studios has a fifty-two week low of $5.88 and a fifty-two week high of $16.70. The business has a 50 day moving average price of $11.53 and a two-hundred day moving average price of $12.41. The firm has a market cap of $3.31 billion, a PE ratio of -26.48 and a beta of 0.67.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its 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 business had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. On average, analysts anticipate that Lionsgate Studios will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Nykredit A S acquired a new position in shares of Lionsgate Studios in the 2nd quarter worth approximately $49,000. Integrated Wealth Concepts LLC acquired a new stake in Lionsgate Studios during the second quarter valued at approximately $118,000. Amundi acquired a new stake in Lionsgate Studios during the second quarter valued at approximately $169,000. Lido Advisors LLC bought a new stake in Lionsgate Studios during the first quarter worth approximately $112,000. Finally, Hsbc Holdings PLC bought a new stake in Lionsgate Studios during the second quarter worth approximately $180,000.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. NYSE: LION is a global entertainment company focused on developing, producing and distributing motion pictures and television programming. Its operations include the Lionsgate Motion Picture Group, Lionsgate Television and related entertainment businesses that create content for theaters, broadcast networks, cable channels and streaming platforms.

The company's portfolio includes feature films, scripted and unscripted television series, and a broad library of licensed and owned content.

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