Lionsgate Studios (NYSE:LION) Upgraded at 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 $15.84.
• LION shares opened at $10.70 after a reported 5.6% decline, compared with a 12-month range of $5.88 to $16.70.
• Lionsgate exceeded quarterly expectations, reporting earnings of $0.06 per share versus the projected $0.08 loss and revenue of $776.6 million against estimates of $703.1 million.

Lionsgate Studios (NYSE:LION - Get Free Report) was upgraded by analysts 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 analysts also recently issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $15.00 price objective on shares of Lionsgate Studios in a report on Thursday, August 6th. Raymond James Financial reissued an "outperform" rating and issued a $15.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Benchmark raised their price target on Lionsgate Studios from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, June 11th. Citizens Jmp assumed coverage on Lionsgate Studios in a research note on Monday, September 14th. They set a "market outperform" rating and a $18.00 price target for the company. Finally, Barrington Research upped their price objective on Lionsgate Studios from $14.50 to $17.00 and gave the stock an "outperform" rating in a report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Lionsgate Studios has a consensus rating of "Moderate Buy" and an average target price of $15.84.

Lionsgate Studios Trading Down 5.6%

Shares of LION opened at $10.70 on Friday. Lionsgate Studios has a 12-month low of $5.88 and a 12-month high of $16.70. The company has a market cap of $3.18 billion, a PE ratio of -25.48 and a beta of 0.66. The stock has a 50-day moving average price of $12.21 and a 200-day moving average price of $12.26.

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

Institutional Trading of Lionsgate Studios

Several hedge funds have recently added to or reduced their stakes in LION. Nykredit A S bought a new position in shares of Lionsgate Studios during the second quarter valued at about $49,000. Integrated Wealth Concepts LLC purchased a new stake in Lionsgate Studios during the 2nd quarter valued at about $118,000. Amundi purchased a new stake in Lionsgate Studios during the 2nd quarter valued at about $169,000. Lido Advisors LLC bought a new position in Lionsgate Studios during the 1st quarter worth approximately $112,000. Finally, Hsbc Holdings PLC bought a new position in Lionsgate Studios during the 2nd quarter worth approximately $180,000.

About Lionsgate Studios

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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