TD Cowen Begins Coverage on Lionsgate Entertainment (NYSE:LION)

TD Cowen initiated coverage on shares of Lionsgate Entertainment (NYSE:LION - Free Report) in a research note published on Tuesday morning, MarketBeat.com reports. The firm issued a hold rating and a $8.00 price target on the stock.

Several other equities research analysts have also weighed in on LION. Wall Street Zen raised shares of Lionsgate Entertainment from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Citigroup cut their price objective on Lionsgate Entertainment from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Morgan Stanley lowered their target price on Lionsgate Entertainment from $8.50 to $8.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Raymond James initiated coverage on shares of Lionsgate Entertainment in a research report on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $8.00 to $9.00 in a research report on Monday, March 31st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $8.86.

Lionsgate Entertainment Trading Down 4.9%

NYSE:LION traded down $0.36 during mid-day trading on Tuesday, hitting $6.92. The company's stock had a trading volume of 2,032,290 shares, compared to its average volume of 2,590,828. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -5.58, a P/E/G ratio of 13.47 and a beta of 1.07. Lionsgate Entertainment has a fifty-two week low of $6.45 and a fifty-two week high of $8.50. The stock has a fifty day moving average of $7.69 and a 200-day moving average of $8.34.

Lionsgate Entertainment (NYSE:LION - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $1.19 billion. Lionsgate Entertainment had a negative return on equity of 57.26% and a negative net margin of 7.34%. On average, equities analysts anticipate that Lionsgate Entertainment will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC boosted its holdings in Lionsgate Entertainment by 60.9% during the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company's stock worth $275,000 after buying an additional 13,910 shares during the last quarter. Anson Funds Management LP raised its position 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 acquiring an additional 375,409 shares during the period. OMERS ADMINISTRATION Corp boosted 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 acquiring an additional 19,740 shares during the last quarter. Trexquant Investment LP acquired a new position in Lionsgate Entertainment during the first quarter valued at approximately $81,000. Finally, Alpine Global Management LLC increased its stake in Lionsgate Entertainment by 570.9% in the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock valued at $1,656,000 after purchasing an additional 188,700 shares in the last quarter. Institutional investors own 34.05% of the company's stock.

About Lionsgate Entertainment

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.