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

Key Points

• Lionsgate Studios Corp. has received a consensus rating of "Moderate Buy" from eleven analysts, with an average 1-year price target of $8.83.
• The stock currently trades at $6.47, with a market capitalization of $1.87 billion and a trailing price-to-earnings ratio of -9.66.
• Insider transactions include major shareholder Liberty 77 Capital L.P. purchasing 500,000 shares at an average price of $5.63, increasing their stake by 1.35%.

Shares of Lionsgate Studios Corp. (NYSE:LION - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.8333.

A number of research analysts have recently commented on LION shares. Wells Fargo & Company began coverage on Lionsgate Studios in a report on Tuesday, August 5th. They issued an "overweight" rating and a $9.00 price objective on the stock. Rosenblatt Securities reduced their price objective on shares of Lionsgate Studios from $13.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. Morgan Stanley dropped their target price on shares of Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Wolfe Research began coverage on shares of Lionsgate Studios in a research note on Tuesday, July 29th. They set a "peer perform" rating on the stock. Finally, Loop Capital initiated coverage on shares of Lionsgate Studios in a research report on Wednesday, June 4th. They issued a "hold" rating and a $8.00 price target for the company.

Lionsgate Studios Stock Performance

NYSE LION opened at $6.47 on Thursday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -9.66 and a beta of -0.25. The firm has a 50 day simple moving average of $6.16 and a 200-day simple moving average of $7.54. Lionsgate Studios has a one year low of $5.55 and a one year high of $8.50.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced 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). Equities analysts predict that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Insider Transactions at Lionsgate Studios

In other news, major shareholder Liberty 77 Capital L.P. purchased 500,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average price of $5.63 per share, for a total transaction of $2,815,000.00. Following the purchase, the insider directly owned 37,476,036 shares of the company's stock, valued at $210,990,082.68. This represents a 1.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders purchased 1,559,489 shares of company stock worth $8,950,186. Company insiders own 9.40% of the company's stock.

Institutional Investors Weigh In On Lionsgate Studios

Several hedge funds have recently made changes to their positions in the business. Liberty 77 Capital L.P. purchased a new position in Lionsgate Studios in the 2nd quarter valued at $214,831,000. Jefferies Financial Group Inc. lifted its stake in shares of Lionsgate Studios by 251.0% in the 2nd quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company's stock worth $33,732,000 after acquiring an additional 4,151,822 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lionsgate Studios by 658.6% in the second quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company's stock valued at $27,547,000 after acquiring an additional 4,115,334 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Lionsgate Studios by 3,352.1% during the second quarter. Marshall Wace LLP now owns 1,753,646 shares of the company's stock worth $10,189,000 after acquiring an additional 1,702,846 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lionsgate Studios during the second quarter worth about $7,157,000.

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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