Lionsgate Entertainment (NYSE:LION) Given New $10.00 Price Target at Citigroup

Lionsgate Entertainment (NYSE:LION - Free Report) had its price target cut by Citigroup from $13.00 to $10.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on LION. TD Cowen initiated 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. Morgan Stanley lowered their price target on Lionsgate Entertainment from $8.50 to $8.00 and set an "overweight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. raised Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $8.00 to $9.00 in a report on Monday, March 31st. Wall Street Zen raised Lionsgate Entertainment from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Finally, Raymond James initiated coverage on Lionsgate Entertainment in a report on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 price target on the stock. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lionsgate Entertainment has an average rating of "Moderate Buy" and an average price target of $9.00.

Lionsgate Entertainment Price Performance

Shares of NYSE:LION traded up $0.47 during mid-day trading on Thursday, reaching $7.24. 3,381,821 shares of the company traded hands, compared to its average volume of 2,605,519. The company's 50 day moving average price is $7.79 and its 200-day moving average price is $8.35. The firm has a market cap of $2.09 billion, a PE ratio of -5.84, a PEG ratio of 13.47 and a beta of 1.07. Lionsgate Entertainment has a 52 week low of $6.45 and a 52 week high of $8.50.

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

Institutional Investors Weigh In On Lionsgate Entertainment

Several large investors have recently bought and sold shares of the business. Nexpoint Asset Management L.P. increased its position in Lionsgate Entertainment by 11.8% in the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company's stock worth $660,000 after purchasing an additional 9,300 shares during the last quarter. Trexquant Investment LP purchased a new position in Lionsgate Entertainment during the first quarter worth $81,000. EntryPoint Capital LLC boosted its stake 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 period. OMERS ADMINISTRATION Corp boosted its stake in Lionsgate Entertainment by 32.8% during the first 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. Finally, Jane Street Group LLC purchased a new position in Lionsgate Entertainment during the first quarter worth $825,000. Institutional investors own 34.05% of the company's stock.

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.