Lionsgate Studios' (LION) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Lionsgate Studios' stock has been restated with a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook from this analysis firm.
• The company's recent quarterly earnings report showed a loss of ($0.34) EPS, which was below the consensus estimate of ($0.16).
• Despite the negative rating from Weiss, other analysts have issued varied ratings, including two "Strong Buy" and several "Buy" ratings, with an average target price of $8.75.

Lionsgate Studios (NYSE:LION - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research firms have also recently commented on LION. Wells Fargo & Company initiated coverage on shares of Lionsgate Studios in a research report on Tuesday, August 5th. They issued an "overweight" rating and a $9.00 price objective on the stock. Wolfe Research assumed coverage on shares of Lionsgate Studios in a research report on Tuesday, July 29th. They issued a "peer perform" rating on the stock. Baird R W raised shares of Lionsgate Studios to a "strong-buy" rating in a research report on Friday, September 5th. Wall Street Zen cut shares of Lionsgate Studios from a "hold" rating to a "sell" rating in a research report on Sunday, August 10th. Finally, Robert W. Baird assumed coverage on shares of Lionsgate Studios in a research report on Friday, September 5th. They set an "outperform" rating and a $8.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $8.75.

Lionsgate Studios Trading Down 0.5%

LION opened at $6.17 on Wednesday. The stock has a market capitalization of $1.79 billion, a P/E ratio of -9.21 and a beta of -0.09. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $8.50. The firm's fifty day simple moving average is $6.51 and its 200 day simple moving average is $6.91.

Lionsgate Studios (NYSE:LION - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.18). On average, equities research analysts predict that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC raised its holdings in shares of Lionsgate Studios by 3.1% in the 2nd quarter. Jane Street Group LLC now owns 113,934 shares of the company's stock valued at $662,000 after purchasing an additional 3,455 shares during the period. Bessemer Group Inc. bought a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $25,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $26,000. Osaic Holdings Inc. raised its holdings in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock valued at $29,000 after purchasing an additional 4,852 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $31,000.

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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