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

Key Points

• Wall Street Zen upgraded Lionsgate Studios from “Hold” to “Buy,” while the broader analyst consensus remains “Moderate Buy,” with an average price target of $15.16.
• Lionsgate reported quarterly EPS of $0.06, beating the $0.08-per-share loss analysts expected, while revenue of $776.6 million exceeded the $703.1 million consensus estimate.
• LION opened at $12.50, near its 200-day moving average of $12.55, and institutional investors including Sterling Capital Management and TD Waterhouse increased their holdings during the third quarter.

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

A number of other research analysts also recently commented on LION. Zacks Research downgraded Lionsgate Studios from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. B. Riley Financial lowered their price target on Lionsgate Studios from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, August 10th. JPMorgan Chase & Co. initiated coverage on shares of Lionsgate Studios in a research report on Friday, September 25th. They set an "underweight" rating and a $9.00 target price on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lionsgate Studios in a research report on Thursday, October 15th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.16.

Lionsgate Studios Stock Performance

LION stock opened at $12.50 on Friday. The company's 50 day simple moving average is $11.34 and its 200-day simple moving average is $12.55. Lionsgate Studios has a 52-week low of $6.14 and a 52-week 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 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 analysts' expectations of $703.10 million. On average, research analysts anticipate that Lionsgate Studios will post 0.03 EPS for the current fiscal year.

Institutional Trading of Lionsgate Studios

Institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC increased its stake in Lionsgate Studios by 847.4% in the third quarter. Sterling Capital Management LLC now owns 6,622 shares of the company's stock valued at $74,000 after purchasing an additional 5,923 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Lionsgate Studios in the 3rd quarter valued at approximately $328,000. TD Waterhouse Canada Inc. boosted its holdings in Lionsgate Studios by 72.0% during the third quarter. TD Waterhouse Canada Inc. now owns 41,993 shares of the company's stock worth $472,000 after purchasing an additional 17,582 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Lionsgate Studios by 39.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,335 shares of the company's stock worth $149,000 after buying an additional 3,765 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Lionsgate Studios in the second quarter valued at approximately $118,000.

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.

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