Lionsgate Studios (NYSE:LION) Sets New 1-Year Low - Here's Why

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Raymond James Financial assumed coverage on Lionsgate Studios in a research report on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 price objective for the company. Loop Capital assumed coverage on Lionsgate Studios in a research report on Wednesday, June 4th. They set a "hold" rating and a $8.00 target price for the company. Morgan Stanley decreased their target price 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. TD Cowen assumed coverage on Lionsgate Studios in a research report on Tuesday, June 3rd. They set a "hold" rating and a $8.00 target price for the company. Finally, Rosenblatt Securities decreased their target price 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. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $8.86.

Lionsgate Studios Stock Performance

The company has a 50-day moving average of $6.73 and a 200-day moving average of $8.01. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -13.05 and a beta of -0.27.

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

Insiders Place Their Bets

In other news, major shareholder Liberty 77 Capital L.P. purchased 487,400 shares of Lionsgate Studios stock in a transaction on Tuesday, June 17th. The stock was purchased at an average price of $5.95 per share, with a total value of $2,900,030.00. Following the transaction, the insider directly owned 36,476,036 shares in the company, valued at $217,032,414.20. The trade was a 1.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders purchased 987,400 shares of company stock worth $5,732,209.

Hedge Funds Weigh In On Lionsgate Studios

A number of large investors have recently bought and sold shares of the company. Investors Research Corp acquired a new position in Lionsgate Studios during the 2nd quarter worth approximately $47,000. Nexpoint Asset Management L.P. boosted its holdings 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 valued at $660,000 after buying an additional 9,300 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Lionsgate Studios in the 1st quarter valued at approximately $81,000. EntryPoint Capital LLC boosted its holdings 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 valued at $275,000 after buying an additional 13,910 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings 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 valued at $598,000 after buying an additional 19,740 shares during the last quarter.

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.