Lionsgate Studios (NYSE:LION) Reaches New 52-Week Low - Should You Sell?

Lionsgate Studios Corp. (NYSE:LION - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $5.60 and last traded at $5.64, with a volume of 2018919 shares changing hands. The stock had previously closed at $5.85.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LION. TD Cowen started coverage on shares of Lionsgate Studios in a research note on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 price objective for the company. Loop Capital initiated coverage on Lionsgate Studios in a research note on Wednesday, June 4th. They issued a "hold" rating and a $8.00 price target for the company. Wall Street Zen raised Lionsgate Studios from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Citigroup dropped their price objective on Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. raised Lionsgate Studios from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $8.00 to $9.00 in a research note on Monday, March 31st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $8.86.

Lionsgate Studios Stock Up 3.9%

The stock has a market capitalization of $1.68 billion, a P/E ratio of -13.56 and a beta of -0.27. The company has a fifty day moving average price of $6.61 and a 200-day moving average price of $7.98.

Lionsgate Studios (NYSE:LION - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.17 earnings per share (EPS) 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 analyst estimates of $1.19 billion. As a group, research analysts expect that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Lionsgate Studios

In other Lionsgate Studios news, major shareholder Liberty 77 Capital L.P. bought 72,089 shares of Lionsgate Studios stock in a transaction dated Wednesday, July 9th. The shares were purchased at an average cost of $5.59 per share, for a total transaction of $402,977.51. Following the acquisition, the insider directly owned 37,548,125 shares in the company, valued at approximately $209,894,018.75. This represents a 0.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 1,559,489 shares of company stock worth $8,950,186 over the last quarter. 9.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC raised its position in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after purchasing an additional 837,774 shares during the period. Anson Funds Management LP increased its position in shares of Lionsgate Studios by 11.9% during the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock valued at $26,433,000 after purchasing an additional 375,409 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Lionsgate Studios by 198.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock valued at $3,099,000 after purchasing an additional 275,839 shares during the last quarter. Alpine Global Management LLC raised its holdings in Lionsgate Studios by 570.9% during the 1st quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock valued at $1,656,000 after buying an additional 188,700 shares during the period. Finally, Jane Street Group LLC bought a new stake in Lionsgate Studios in the first quarter worth $825,000.

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.