Lionsgate Entertainment (NYSE:LION) Now Covered by Raymond James

Equities research analysts at Raymond James initiated coverage on shares of Lionsgate Entertainment (NYSE:LION - Get Free Report) in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set an "outperform" rating and a $10.00 price target on the stock. Raymond James' price target would suggest a potential upside of 47.71% from the stock's previous close.

LION has been the subject of a number of other reports. StockNews.com raised shares of Lionsgate Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. TD Cowen began coverage on Lionsgate Entertainment in a report on Monday, May 12th. They issued a "hold" rating and a $8.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $8.00 to $9.00 in a report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.00.

Lionsgate Entertainment Stock Performance

Shares of LION stock opened at $6.77 on Tuesday. The company has a market capitalization of $1.95 billion, a P/E ratio of -5.46, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07. Lionsgate Entertainment has a 52 week low of $6.62 and a 52 week high of $8.50. The company's 50 day moving average price is $8.24 and its two-hundred day moving average price is $8.43.

Institutional Investors Weigh In On Lionsgate Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in LION. Anson Funds Management LP grew 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 acquiring an additional 375,409 shares in the last quarter. Millennium Management LLC grew its stake in Lionsgate Entertainment by 72.6% in 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. grew its stake in Lionsgate Entertainment by 198.5% in the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock valued at $3,099,000 after purchasing an additional 275,839 shares in the last quarter. Alpine Global Management LLC increased its position in shares of Lionsgate Entertainment by 570.9% during the 1st quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock worth $1,656,000 after purchasing an additional 188,700 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Lionsgate Entertainment during the 1st quarter worth approximately $825,000. 34.05% of the stock is 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.

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