B. Riley Financial Lowers Lionsgate Studios (NYSE:LION) Price Target to $16.00

Key Points

• B. Riley Financial lowered Lionsgate Studios’ price target from $17 to $16 while maintaining a “neutral” rating, implying approximately 27% upside from the reported $12.60 share price.
• Lionsgate shares fell 2.9% to $12.60 in Monday trading. The stock has traded between $5.88 and $16.70 over the past year, with a market capitalization of about $3.75 billion.
• Analyst sentiment remains mixed but leans positive: six analysts rate the stock a Buy, three a Hold and one a Sell, producing a consensus “Moderate Buy” rating and an average price target of $15.57.

Lionsgate Studios (NYSE:LION - Get Free Report) had its price target cut by equities research analysts at B. Riley Financial from $17.00 to $16.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. B. Riley Financial's target price would indicate a potential upside of 26.98% from the company's current price.

LION has been the topic of a number of other reports. Robert W. Baird raised their price objective 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. Citigroup downgraded Lionsgate Studios from a "buy" rating to a "neutral" rating and lifted their price target for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Wall Street Zen lowered Lionsgate Studios from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Lionsgate Studios in a report on Friday, July 17th. Finally, Barrington Research lifted their target price on Lionsgate Studios from $14.50 to $17.00 and gave the company an "outperform" rating in a research report on Tuesday, May 26th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.57.

Lionsgate Studios Trading Down 2.9%

Shares of LION traded down $0.37 during trading hours on Monday, reaching $12.60. The stock had a trading volume of 884,253 shares, compared to its average volume of 3,061,973. Lionsgate Studios has a 12 month low of $5.88 and a 12 month high of $16.70. The firm has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $11.75. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of -30.00 and a beta of 0.72.

Hedge Funds Weigh In On Lionsgate Studios

Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its position in Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock worth $29,000 after purchasing an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in Lionsgate Studios during the third quarter worth about $38,000. Caitong International Asset Management Co. Ltd bought a new stake in Lionsgate Studios in the fourth quarter worth about $44,000. Farther Finance Advisors LLC boosted its stake in Lionsgate Studios by 4,457.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company's stock valued at $55,000 after acquiring an additional 5,839 shares during the last quarter. Finally, Walleye Trading LLC bought a new position in shares of Lionsgate Studios during the 2nd quarter valued at approximately $60,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source