Lionsgate Studios Corp. (NYSE:LION) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Six of ten analysts rate Lionsgate Studios a buy, three recommend holding, and one rates it a sell. The average 12-month price target is $15.58, above the stock’s reported $11.18 price.
• Recent quarterly results exceeded expectations: Lionsgate reported adjusted earnings of $0.06 per share versus the consensus estimate of a $0.08 loss, while revenue reached $776.6 million compared with expectations of $703.1 million.
• Institutional ownership has increased: Several major investors expanded or initiated positions, including Royal Bank of Canada, BlackRock, Cooper Creek Partners, and Bank of New York Mellon.

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) has been given an average rating of "Moderate Buy" by the ten research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.5750.

Several equities analysts recently issued reports on the stock. Benchmark boosted their target price on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, June 11th. B. Riley Financial lowered their target price on Lionsgate Studios from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, August 10th. Morgan Stanley restated an "overweight" rating and set a $15.00 price target on shares of Lionsgate Studios in a report on Thursday, August 6th. Seaport Research Partners reiterated a "buy" rating and issued a $17.00 price objective on shares of Lionsgate Studios in a research note on Friday, August 7th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Lionsgate Studios in a research note on Friday, July 17th.

Hedge Funds Weigh In On Lionsgate Studios

A number of large investors have recently modified their holdings of LION. Royal Bank of Canada grew its holdings in shares of Lionsgate Studios by 183.1% during the first quarter. Royal Bank of Canada now owns 1,111,046 shares of the company's stock valued at $10,656,000 after buying an additional 718,527 shares during the last quarter. BlackRock Inc. bought a new position in Lionsgate Studios in the 2nd quarter valued at about $251,521,000. Union Square Park Capital Management LLC boosted its stake in Lionsgate Studios by 39.6% during the 4th quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company's stock valued at $2,739,000 after purchasing an additional 85,100 shares during the last quarter. Bank of New York Mellon Corp raised its position in Lionsgate Studios by 20.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,033,744 shares of the company's stock valued at $9,914,000 after buying an additional 174,433 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in shares of Lionsgate Studios in the first quarter valued at about $43,715,000.

Lionsgate Studios Stock Performance

LION stock opened at $11.18 on Monday. Lionsgate Studios has a 52-week low of $5.88 and a 52-week high of $16.70. The company has a market capitalization of $3.33 billion, a P/E ratio of -26.62 and a beta of 0.66. The company has a fifty day moving average price of $12.85 and a 200-day moving average price of $12.09.

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, topping the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million for the quarter, compared to the consensus estimate of $703.10 million. As a group, sell-side analysts forecast that Lionsgate Studios will post 0.04 earnings per share for the current fiscal year.

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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