Lionsgate Entertainment (NYSE:LION) Sets New 52-Week Low - Should You Sell?

Shares of Lionsgate Entertainment Corp. (NYSE:LION - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $6.40 and last traded at $6.46, with a volume of 4868686 shares traded. The stock had previously closed at $6.70.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen assumed coverage on Lionsgate Entertainment in a research note on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 target price for the company. Wall Street Zen raised Lionsgate Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. Raymond James assumed coverage on Lionsgate Entertainment in a research note on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 target price for the company. Morgan Stanley cut 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. Finally, JPMorgan Chase & Co. raised 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 note on Monday, March 31st. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lionsgate Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.86.

Lionsgate Entertainment Price Performance

The firm has a market capitalization of $1.88 billion, a PE ratio of -5.24, a PEG ratio of 13.47 and a beta of 1.07. The firm has a 50-day simple moving average of $7.56 and a 200-day simple moving average of $8.32.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LION. Millennium Management LLC raised its stake in shares of Lionsgate Entertainment by 72.6% in the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock worth $14,877,000 after buying an additional 837,774 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Lionsgate Entertainment by 198.5% in the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock worth $3,099,000 after buying an additional 275,839 shares during the period. Jane Street Group LLC bought a new position in shares of Lionsgate Entertainment in the first quarter worth about $825,000. Trexquant Investment LP bought a new position in shares of Lionsgate Entertainment in the first quarter worth about $81,000. Finally, Nexpoint Asset Management L.P. raised its stake in shares of 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 buying an additional 9,300 shares during the period. 34.05% of the stock is owned by hedge funds and other institutional investors.

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.