Brokerages Set Lionsgate Studios Corp. (NYSE:LION) Price Target at $8.75

Key Points

• Lionsgate Studios Corp. has received an average rating of "Moderate Buy" from thirteen brokerages, with expectations of a price target of $8.75.
• The company reported a loss of ($0.34) earnings per share in its last quarter, which was below analysts' estimates of ($0.16).
• Major shareholder Liberty 77 Capital L.P. increased its stake in Lionsgate Studios by acquiring 500,000 shares at an average price of $5.63 per share.

Shares of Lionsgate Studios Corp. (NYSE:LION - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $8.75.

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Lionsgate Studios from a "hold" rating to a "sell" rating in a research 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. Morgan Stanley decreased their price objective on Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Benchmark assumed coverage on Lionsgate Studios in a research report on Monday, July 28th. They issued a "buy" rating and a $8.50 target price for the company. Finally, Citigroup reduced their price target on Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, May 29th.

Insiders Place Their Bets

In related news, major shareholder Liberty 77 Capital L.P. purchased 500,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average cost of $5.63 per share, for a total transaction of $2,815,000.00. Following the completion of the purchase, the insider owned 37,476,036 shares in the company, valued at approximately $210,990,082.68. This represents a 1.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 651,855 shares of company stock worth $3,675,834 over the last 90 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC raised its position in shares of Lionsgate Studios by 570.9% in the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock valued at $1,656,000 after buying an additional 188,700 shares during the last quarter. Anson Funds Management LP increased its position in Lionsgate Studios by 11.9% in the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock worth $26,433,000 after buying an additional 375,409 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Lionsgate Studios by 198.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock valued at $3,099,000 after purchasing an additional 275,839 shares during the period. Congress Park Capital LLC bought a new position in shares of Lionsgate Studios in the 2nd quarter valued at approximately $1,043,000. Finally, Trexquant Investment LP bought a new position in shares of Lionsgate Studios during the 1st quarter worth approximately $81,000.

Lionsgate Studios Stock Performance

Shares of NYSE LION traded up $0.01 during trading on Monday, hitting $6.87. 2,325,350 shares of the company traded hands, compared to its average volume of 2,641,503. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $8.50. The business's fifty day moving average is $6.47 and its 200 day moving average is $7.11. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -10.25 and a beta of -0.22.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.18). On average, analysts predict 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.