Lionsgate Entertainment Corp. (NYSE:LION - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $6.33 and last traded at $6.35, with a volume of 2851580 shares. The stock had previously closed at $6.61.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. TD Cowen assumed coverage on shares of Lionsgate Entertainment in a research note on Tuesday, June 3rd. They set a "hold" rating and a $8.00 price objective on the stock. Loop Capital assumed coverage on shares of Lionsgate Entertainment in a research note on Wednesday, June 4th. They set a "hold" rating and a $8.00 price objective on the stock. Raymond James started coverage on shares of Lionsgate Entertainment in a research note on Tuesday, May 20th. They set an "outperform" rating and a $10.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $8.00 to $9.00 in a report on Monday, March 31st. Finally, Rosenblatt Securities reduced their target price on shares of Lionsgate Entertainment from $13.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lionsgate Entertainment currently has an average rating of "Moderate Buy" and an average price target of $8.86.
Read Our Latest Research Report on LION
Lionsgate Entertainment Stock Performance
The firm has a market cap of $1.82 billion, a P/E ratio of -5.09, a P/E/G ratio of 13.47 and a beta of 1.07. The firm's fifty day moving average is $7.45 and its 200 day moving average is $8.26.
Lionsgate Entertainment (NYSE:LION - Get Free Report) last posted 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). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.19 billion. Lionsgate Entertainment had a negative net margin of 7.34% and a negative return on equity of 57.26%. As a group, equities research analysts forecast that Lionsgate Entertainment Corp. will post 0.08 EPS for the current year.
Institutional Trading of Lionsgate Entertainment
A number of institutional investors have recently bought and sold shares of LION. Anson Funds Management LP lifted its holdings in shares of Lionsgate Entertainment by 11.9% during the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock worth $26,433,000 after acquiring an additional 375,409 shares during the period. Millennium Management LLC lifted its holdings in shares of Lionsgate Entertainment by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock worth $14,877,000 after acquiring an additional 837,774 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Lionsgate Entertainment by 198.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock worth $3,099,000 after acquiring an additional 275,839 shares during the period. Alpine Global Management LLC lifted its holdings 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 acquiring an additional 188,700 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Lionsgate Entertainment during the 1st quarter worth approximately $825,000. Institutional investors own 34.05% of the company's stock.
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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