Shares of Lionsgate Entertainment Corp. (NYSE:LION - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday after Citigroup lowered their price target on the stock from $13.00 to $10.00. Citigroup currently has a buy rating on the stock. Lionsgate Entertainment traded as low as $6.45 and last traded at $6.56, with a volume of 141146 shares changing hands. The stock had previously closed at $6.60.
A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $8.00 to $9.00 in a report on Monday, March 31st. Raymond James initiated coverage on shares of Lionsgate Entertainment in a report on Tuesday, May 20th. They set an "outperform" rating and a $10.00 price target for the company. Morgan Stanley cut their price target on shares of Lionsgate Entertainment from $8.50 to $8.00 and set an "overweight" rating for the company in a report on Tuesday. TD Cowen initiated coverage on shares of Lionsgate Entertainment in a report on Monday, May 12th. They set a "hold" rating and a $8.00 price target for the company. Finally, Wall Street Zen raised shares of Lionsgate Entertainment from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $9.00.
Read Our Latest Research Report on Lionsgate Entertainment
Institutional Investors Weigh In On Lionsgate Entertainment
A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Lionsgate Entertainment in the 1st quarter valued at $825,000. Goldman Sachs Group Inc. boosted its position in Lionsgate Entertainment by 198.5% during 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 during the period. Nexpoint Asset Management L.P. boosted its position in Lionsgate Entertainment by 11.8% during the 1st quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company's stock valued at $660,000 after buying an additional 9,300 shares during the period. Millennium Management LLC boosted its position in Lionsgate Entertainment by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after buying an additional 837,774 shares during the period. Finally, Alpine Global Management LLC boosted its position in Lionsgate Entertainment by 570.9% during 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 during the period. Hedge funds and other institutional investors own 34.05% of the company's stock.
Lionsgate Entertainment Stock Performance
The firm has a market cap of $1.97 billion, a PE ratio of -5.49, a PEG ratio of 13.47 and a beta of 1.07. The company's 50-day simple moving average is $7.82 and its two-hundred day simple moving average is $8.35.
Lionsgate Entertainment (NYSE:LION - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.17 earnings per share 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts expect that Lionsgate Entertainment Corp. will post 0.08 EPS for the current year.
About Lionsgate Entertainment
(
Get Free Report)
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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