Wells Fargo & Company Begins Coverage on Lionsgate Studios (NYSE:LION)

Key Points

• Wells Fargo & Company initiated coverage on Lionsgate Studios (NYSE:LION) with an "overweight" rating and a price target of $9.00, indicating a potential upside of 50.75% from the current stock price.
• Major shareholder Liberty 77 Capital L.P. acquired 72,089 shares at $5.59 per share, increasing their stake in the company, while insiders collectively purchased over 1.5 million shares in the last three months.
• Equities analysts have a consensus rating of "Moderate Buy" for Lionsgate, with the average price target set at $8.83, reflecting mixed sentiment as other analysts have issued both buy and hold ratings.

Stock analysts at Wells Fargo & Company assumed coverage on shares of Lionsgate Studios (NYSE:LION - Get Free Report) in a report released on Tuesday, Marketbeat reports. The firm set an "overweight" rating and a $9.00 price target on the stock. Wells Fargo & Company's price target would suggest a potential upside of 41.96% from the company's current price.

A number of other research firms also recently weighed in on LION. Wall Street Zen raised shares of Lionsgate Studios to a "hold" rating in a research report on Saturday, August 2nd. Rosenblatt Securities cut their price objective on shares of Lionsgate Studios from $13.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. Loop Capital started coverage on shares of Lionsgate Studios in a research report on Wednesday, June 4th. They set a "hold" rating and a $8.00 price objective for the company. TD Cowen began coverage on shares of Lionsgate Studios in a research note on Tuesday, June 3rd. They set a "hold" rating and a $8.00 target price on the stock. Finally, Raymond James Financial started coverage on Lionsgate Studios in a research report on Tuesday, May 20th. They set an "outperform" rating and a $10.00 target price for the company. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lionsgate Studios presently has an average rating of "Moderate Buy" and a consensus target price of $8.83.

Lionsgate Studios Stock Up 7.3%

LION stock traded up $0.43 during mid-day trading on Tuesday, reaching $6.34. 4,448,964 shares of the stock traded hands, compared to its average volume of 2,699,790. The business has a 50-day moving average of $6.22 and a two-hundred day moving average of $7.71. The firm has a market capitalization of $1.83 billion, a PE ratio of -9.46 and a beta of -0.25. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $8.50.

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, equities research analysts anticipate that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Lionsgate Studios

In other news, major shareholder Liberty 77 Capital L.P. purchased 72,089 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was purchased at an average price of $5.59 per share, with a total value of $402,977.51. Following the completion of the purchase, the insider directly owned 37,548,125 shares in the company, valued at approximately $209,894,018.75. This trade represents a 0.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders bought 1,559,489 shares of company stock valued at $8,950,186. Company insiders own 9.40% of the company's stock.

Institutional Trading of Lionsgate Studios

Several institutional investors have recently added to or reduced their stakes in LION. Bessemer Group Inc. bought a new position in shares of Lionsgate Studios during the second quarter valued at approximately $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Lionsgate Studios during the 2nd quarter valued at about $26,000. FNY Investment Advisers LLC bought a new stake in Lionsgate Studios in the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lionsgate Studios in the second quarter worth $36,000. Finally, KBC Group NV purchased a new stake in shares of Lionsgate Studios during the 2nd quarter valued at about $37,000.

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.