Brokerages Set Lionsgate Studios Corp. (NYSE:LION) Price Target at $8.86

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.86.

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Lionsgate Studios from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Raymond James Financial started coverage on shares of Lionsgate Studios in a report on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 price target on the stock. Rosenblatt Securities decreased their price objective on shares of Lionsgate Studios from $13.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. Finally, Loop Capital initiated coverage on shares of Lionsgate Studios in a research report on Wednesday, June 4th. They issued a "hold" rating and a $8.00 price objective for the company.

Lionsgate Studios Stock Down 5.6%

NYSE:LION traded down $0.35 during mid-day trading on Friday, hitting $5.92. 4,016,351 shares of the stock traded hands, compared to its average volume of 2,689,965. Lionsgate Studios has a 52 week low of $5.90 and a 52 week high of $8.50. The stock has a market capitalization of $1.71 billion and a price-to-earnings ratio of -13.77. The firm's 50 day moving average is $7.40 and its two-hundred day moving average is $8.24.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.33). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, research analysts predict that Lionsgate Studios will post 0.08 EPS for the current year.

Institutional Trading of Lionsgate Studios

Hedge funds have recently added to or reduced their stakes in the business. Anson Funds Management LP increased its position in Lionsgate Studios by 11.9% during the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock valued at $26,433,000 after purchasing an additional 375,409 shares during the period. Millennium Management LLC boosted its stake in shares of Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after purchasing an additional 837,774 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Lionsgate Studios by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock valued at $3,099,000 after buying an additional 275,839 shares during the period. Alpine Global Management LLC raised its stake in Lionsgate Studios by 570.9% in the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock worth $1,656,000 after buying an additional 188,700 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Lionsgate Studios in the first quarter worth approximately $825,000.

About Lionsgate Studios

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.