Lionsgate Entertainment (NYSE:LION) Reaches New 1-Year Low - Here's Why

Shares of Lionsgate Entertainment Corp. (NYSE:LION - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $7.00 and last traded at $7.02, with a volume of 203334 shares trading hands. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

LION has been the topic of a number of research reports. StockNews.com raised shares of Lionsgate Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and raised their target price for the company from $8.00 to $9.00 in a research note on Monday, March 31st. Finally, TD Cowen initiated coverage on shares of Lionsgate Entertainment in a research note on Monday. They issued a "hold" rating and a $8.00 target price on the stock. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lionsgate Entertainment currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.50.

Lionsgate Entertainment Stock Performance

The stock's fifty day moving average is $8.40 and its two-hundred day moving average is $8.44. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -5.62, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LION. Trexquant Investment LP acquired a new position in Lionsgate Entertainment during the 1st quarter worth $81,000. EntryPoint Capital LLC grew its holdings in Lionsgate Entertainment by 60.9% during the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company's stock worth $275,000 after acquiring an additional 13,910 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in 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 acquiring an additional 19,740 shares in the last quarter. Finally, Anson Funds Management LP boosted its holdings in shares of Lionsgate Entertainment by 11.9% in the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock valued at $26,433,000 after buying an additional 375,409 shares during the period. 34.05% of the stock is owned by institutional investors and hedge funds.

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.