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

Shares of Lionsgate Studios Corp. (NYSE:LION - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.86.

LION has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded Lionsgate Studios from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $8.00 to $9.00 in a report on Monday, March 31st. Wall Street Zen upgraded Lionsgate Studios from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Loop Capital initiated coverage on Lionsgate Studios in a report on Wednesday, June 4th. They set a "hold" rating and a $8.00 price objective for the company. Citigroup reduced their price objective on Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Finally, Rosenblatt Securities reduced their price objective on Lionsgate Studios from $13.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, June 4th.

Insider Transactions at Lionsgate Studios

In related news, major shareholder Liberty 77 Capital L.P. purchased 72,089 shares of Lionsgate Studios stock in a transaction that occurred on Wednesday, July 9th. The shares were acquired at an average price of $5.59 per share, with a total value of $402,977.51. Following the completion of the transaction, the insider directly owned 37,548,125 shares of the company's stock, valued at $209,894,018.75. This represents a 0.19% 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 1,559,489 shares of company stock worth $8,950,186 over the last 90 days. Corporate insiders own 9.40% of the company's stock.

Institutional Investors Weigh In On Lionsgate Studios

A number of large investors have recently added to or reduced their stakes in LION. Millennium Management LLC lifted its stake in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock worth $14,877,000 after purchasing an additional 837,774 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Lionsgate Studios by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock worth $3,099,000 after purchasing an additional 275,839 shares during the last quarter. Jane Street Group LLC bought a new stake in Lionsgate Studios during the first quarter worth $825,000. Congress Park Capital LLC bought a new stake in Lionsgate Studios during the second quarter worth $1,043,000. Finally, Investors Research Corp bought a new stake in Lionsgate Studios during the second quarter worth $47,000.

Lionsgate Studios Price Performance

NYSE LION traded up $0.50 during trading on Wednesday, reaching $6.34. 4,696,971 shares of the company's stock were exchanged, compared to its average volume of 1,959,594. The business has a 50 day moving average price of $6.56 and a 200-day moving average price of $7.97. The stock has a market capitalization of $1.83 billion, a P/E ratio of -14.74 and a beta of -0.27. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $8.50.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share 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 analysts' expectations of $1.19 billion. On average, analysts forecast that Lionsgate Studios will post 0.08 earnings per share for the current year.

About Lionsgate Studios

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.