Lionsgate Entertainment Corp. (NYSE:LION) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Lionsgate Entertainment Corp. (NYSE:LION - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $9.00.

A number of research firms recently issued reports on LION. Raymond James assumed coverage on Lionsgate Entertainment in a research report on Tuesday. They issued an "outperform" rating and a $10.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $8.00 to $9.00 in a report on Monday, March 31st. StockNews.com raised Lionsgate Entertainment from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. Finally, TD Cowen assumed coverage on Lionsgate Entertainment in a research report on Monday, May 12th. They set a "hold" rating and a $8.00 price target on the stock.

Lionsgate Entertainment Price Performance

LION opened at $6.77 on Tuesday. The business's 50-day moving average price is $8.24 and its two-hundred day moving average price is $8.43. Lionsgate Entertainment has a 1 year low of $6.62 and a 1 year high of $8.50. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -5.46, a P/E/G ratio of 13.47 and a beta of 1.07.

Institutional Investors Weigh In On Lionsgate Entertainment

Hedge funds have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new stake in Lionsgate Entertainment during the 1st quarter worth approximately $81,000. EntryPoint Capital LLC lifted its position in shares of Lionsgate Entertainment by 60.9% during the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company's stock valued at $275,000 after acquiring an additional 13,910 shares during the period. OMERS ADMINISTRATION Corp raised its stake in Lionsgate Entertainment by 32.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company's stock worth $598,000 after buying an additional 19,740 shares during the period. Nexpoint Asset Management L.P. raised its holdings in Lionsgate Entertainment by 11.8% during the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company's stock worth $660,000 after buying an additional 9,300 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Lionsgate Entertainment during the first quarter worth $825,000. 34.05% of the stock is currently owned by institutional investors and hedge funds.

Lionsgate Entertainment Company Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.

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