Lionsgate Studios Corp. (NYSE:LION) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Lionsgate Studios Corp. (NYSE:LION) has been given a consensus rating of "Moderate Buy" by analysts, with an average 1-year price target of $8.75.
• Despite the positive ratings, the stock recently declined by 2.9% and opened at $6.00, sitting between a 12-month low of $5.55 and a high of $8.50.
• Several large investors have increased their stakes in Lionsgate Studios, including Harbor Capital Advisors, which acquired a new position worth about $2.75 million in Q3.

Shares of Lionsgate Studios Corp. (NYSE:LION - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.75.

A number of analysts have weighed in on LION shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Wells Fargo & Company started coverage on Lionsgate Studios in a report on Tuesday, August 5th. They issued an "overweight" rating and a $9.00 target price for the company. Wall Street Zen lowered Lionsgate Studios from a "hold" rating to a "sell" rating in a report on Sunday, August 10th. Baird R W upgraded shares of Lionsgate Studios to a "strong-buy" rating in a research note on Friday, September 5th. Finally, Wolfe Research initiated coverage on shares of Lionsgate Studios in a research note on Tuesday, July 29th. They issued a "peer perform" rating for the company.

Hedge Funds Weigh In On Lionsgate Studios

Several large investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new position in shares of Lionsgate Studios during the 3rd quarter worth about $2,749,000. Corient Private Wealth LLC acquired a new position in shares of Lionsgate Studios during the second quarter worth approximately $93,000. Osaic Holdings Inc. lifted its holdings in shares of Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock worth $29,000 after buying an additional 4,852 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Lionsgate Studios during the second quarter worth approximately $70,000. Finally, Marex Group plc acquired a new position in shares of Lionsgate Studios during the second quarter worth approximately $119,000.

Lionsgate Studios Stock Down 2.9%

NYSE LION opened at $6.00 on Friday. The stock has a market capitalization of $1.74 billion, a PE ratio of -8.96 and a beta of -0.09. The company has a 50 day moving average price of $6.53 and a two-hundred day moving average price of $6.80. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $8.50.

Lionsgate Studios (NYSE:LION - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.18). As a group, equities analysts anticipate that Lionsgate Studios will post 0.08 EPS for the current year.

Lionsgate Studios 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.

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