Lionsgate Entertainment Corp. (NYSE:LION) Receives $8.86 Consensus Price Target from Brokerages

Lionsgate Entertainment Corp. (NYSE:LION - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.86.

Several research firms recently commented on LION. Rosenblatt Securities reduced their price target on shares of Lionsgate Entertainment from $13.00 to $9.00 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. Wall Street Zen raised shares of Lionsgate Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $8.00 to $9.00 in a research note on Monday, March 31st. Loop Capital began coverage on shares of Lionsgate Entertainment in a research note on Wednesday, June 4th. They issued a "hold" rating and a $8.00 price target on the stock. Finally, TD Cowen began coverage on shares of Lionsgate Entertainment in a research note on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 price target on the stock.

Lionsgate Entertainment Price Performance

Shares of LION traded down $0.26 during midday trading on Friday, hitting $6.35. The stock had a trading volume of 2,852,760 shares, compared to its average volume of 2,646,067. Lionsgate Entertainment has a 1 year low of $6.33 and a 1 year high of $8.50. The firm has a market cap of $1.83 billion, a PE ratio of -5.12, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07. The stock's 50 day moving average is $7.47 and its 200 day moving average is $8.27.

Lionsgate Entertainment (NYSE:LION - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.33). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.19 billion. Lionsgate Entertainment had a negative return on equity of 57.26% and a negative net margin of 7.34%. As a group, equities research analysts expect that Lionsgate Entertainment will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LION. Millennium Management LLC grew its holdings in Lionsgate Entertainment by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock worth $14,877,000 after acquiring an additional 837,774 shares in the last quarter. Anson Funds Management LP boosted its holdings in shares of Lionsgate Entertainment by 11.9% in the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock valued at $26,433,000 after buying an additional 375,409 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Lionsgate Entertainment by 198.5% in the 1st 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 in the last quarter. Alpine Global Management LLC boosted its holdings in shares of Lionsgate Entertainment by 570.9% in the 1st quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock valued at $1,656,000 after buying an additional 188,700 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Lionsgate Entertainment in the 1st quarter worth approximately $825,000. 34.05% of the stock is currently owned by institutional investors.

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.