Lionsgate Entertainment Corp. (NYSE:LION - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $6.40 and last traded at $6.46, with a volume of 4868686 shares. The stock had previously closed at $6.70.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on LION shares. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and increased their target price for the company from $8.00 to $9.00 in a research report on Monday, March 31st. Morgan Stanley dropped their target price on Lionsgate Entertainment from $8.50 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Loop Capital assumed coverage on Lionsgate Entertainment in a research note on Wednesday. They set a "hold" rating and a $8.00 price target on the stock. TD Cowen assumed coverage on shares of Lionsgate Entertainment in a research report on Tuesday. They issued a "hold" rating and a $8.00 price objective for the company. Finally, Wall Street Zen raised shares of Lionsgate Entertainment from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $8.86.
Get Our Latest Stock Report on LION
Lionsgate Entertainment Price Performance
The company's fifty day moving average is $7.65 and its 200-day moving average is $8.33. The stock has a market cap of $1.86 billion, a PE ratio of -5.21, a PEG ratio of 13.47 and a beta of 1.07.
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 analyst estimates of $1.19 billion. Lionsgate Entertainment had a negative return on equity of 57.26% and a negative net margin of 7.34%. Analysts expect that Lionsgate Entertainment Corp. will post 0.08 EPS for the current year.
Hedge Funds Weigh In On Lionsgate Entertainment
Several institutional investors have recently made changes to their positions in LION. Trexquant Investment LP acquired a new stake in Lionsgate Entertainment during the first quarter valued at $81,000. EntryPoint Capital LLC increased its position in shares of Lionsgate Entertainment by 60.9% in the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company's stock valued at $275,000 after buying an additional 13,910 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of 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 buying an additional 19,740 shares during the period. Nexpoint Asset Management L.P. lifted its position in shares of 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 in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Lionsgate Entertainment in the 1st quarter valued at $825,000. 34.05% of the stock is owned by hedge funds and other institutional investors.
About Lionsgate Entertainment
(
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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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