Lionsgate Studios (NYSE:LION) Stock Rating Upgraded 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 a $15.57 price target.
• LION shares fell 0.9% to $11.44 and remain below their 50-day moving average of $13.29, with a 52-week trading range of $5.88 to $16.70.
• Lionsgate beat quarterly expectations, reporting $0.06 EPS versus an expected $0.08 loss and revenue of $776.6 million versus the $703.1 million consensus estimate.

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

A number of other analysts also recently commented on LION. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lionsgate Studios in a research report on Friday, July 17th. B. Riley Financial reduced their price objective on Lionsgate Studios from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Benchmark lifted their target price on Lionsgate Studios from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Morgan Stanley reissued an "overweight" rating and issued a $15.00 price target on shares of Lionsgate Studios in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of Lionsgate Studios from a "strong-buy" rating to a "hold" rating in a research 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.57.

Lionsgate Studios Trading Down 0.9%

Shares of LION traded down $0.10 during trading hours on Friday, reaching $11.44. 1,447,576 shares of the stock traded hands, compared to its average volume of 2,660,682. The stock has a fifty day simple moving average of $13.29 and a 200 day simple moving average of $11.98. Lionsgate Studios has a 52 week low of $5.88 and a 52 week high of $16.70. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -27.24 and a beta of 0.72.

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

Institutional Trading of Lionsgate Studios

A number of large investors have recently bought and sold shares of LION. BlackRock Inc. purchased a new position in shares of Lionsgate Studios during the 2nd quarter valued at $251,521,000. Anson Funds Management LP increased its holdings in Lionsgate Studios by 36.3% in the 4th quarter. Anson Funds Management LP now owns 9,556,948 shares of the company's stock worth $87,255,000 after acquiring an additional 2,543,352 shares during the last quarter. Wellington Management Group LLP bought a new stake in Lionsgate Studios in the 2nd quarter valued at about $113,683,000. Jefferies Financial Group Inc. bought a new stake in Lionsgate Studios in the 2nd quarter valued at about $88,896,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Lionsgate Studios during the fourth quarter valued at about $51,119,000.

About Lionsgate Studios

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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