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

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) has been given an average rating of "Moderate Buy" by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four 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 $8.86.

A number of research firms have commented on LION. Rosenblatt Securities lowered their price target on Lionsgate Studios from $13.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. Loop Capital began coverage on Lionsgate Studios in a research report on Wednesday, June 4th. They set a "hold" rating and a $8.00 price target for the company. Morgan Stanley lowered their price target on Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Raymond James Financial began coverage on Lionsgate Studios in a research report on Tuesday, May 20th. They set an "outperform" rating and a $10.00 price target for the company. Finally, Citigroup decreased their target price 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.

Lionsgate Studios Price Performance

Shares of LION stock opened at $5.61 on Wednesday. The stock has a market capitalization of $1.62 billion, a PE ratio of -13.05 and a beta of -0.27. Lionsgate Studios has a 1-year low of $5.57 and a 1-year high of $8.50. The business has a 50-day moving average of $6.73 and a 200 day moving average of $8.01.

Lionsgate Studios (NYSE:LION - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.33). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.19 billion. Analysts anticipate that Lionsgate Studios will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other Lionsgate Studios news, major shareholder Liberty 77 Capital L.P. bought 487,400 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were acquired at an average cost of $5.95 per share, for a total transaction of $2,900,030.00. Following the purchase, the insider owned 36,476,036 shares in the company, valued at approximately $217,032,414.20. This trade represents a 1.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders purchased 987,400 shares of company stock worth $5,732,209.

Institutional Trading of Lionsgate Studios

Several institutional investors have recently added to or reduced their stakes in LION. Investors Research Corp purchased a new position in shares of Lionsgate Studios in the 2nd quarter worth $47,000. Trexquant Investment LP purchased a new position in shares of Lionsgate Studios in the 1st quarter worth $81,000. EntryPoint Capital LLC boosted its stake in shares of Lionsgate Studios by 60.9% in the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company's stock worth $275,000 after buying an additional 13,910 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Lionsgate Studios by 32.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company's stock worth $598,000 after buying an additional 19,740 shares during the last quarter. Finally, Nexpoint Asset Management L.P. boosted its stake in shares of Lionsgate Studios by 11.8% in the 1st quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company's stock worth $660,000 after buying an additional 9,300 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.