Lionsgate Studios (NYSE:LION) Hits New 12-Month Low - Here's Why

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LION. Loop Capital began coverage on Lionsgate Studios in a report on Wednesday, June 4th. They set a "hold" rating and a $8.00 target price for the company. Raymond James Financial began coverage on Lionsgate Studios in a report on Tuesday, May 20th. They set an "outperform" rating and a $10.00 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 report on Tuesday, May 27th. Citigroup decreased their target price on Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. upgraded Lionsgate Studios from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $8.00 to $9.00 in a report on Monday, March 31st. Three 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 MarketBeat.com, Lionsgate Studios presently has an average rating of "Moderate Buy" and a consensus target price of $8.86.

Lionsgate Studios Stock Performance

The stock has a fifty day simple moving average of $6.73 and a two-hundred day simple moving average of $8.01. The stock has a market cap of $1.62 billion, a PE ratio of -13.07 and a beta of -0.27.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its earnings results 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 the consensus estimate of $1.19 billion. On average, equities analysts predict that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Liberty 77 Capital L.P. purchased 79,766 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average cost of $5.74 per share, with a total value of $457,856.84. Following the transaction, the insider owned 36,976,036 shares in the company, valued at approximately $212,242,446.64. The trade was a 0.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders purchased 987,400 shares of company stock worth $5,732,209.

Institutional Investors Weigh In On Lionsgate Studios

Institutional investors and hedge funds have recently made changes to their positions in the company. Investors Research Corp acquired a new stake in Lionsgate Studios in the second quarter worth $47,000. Trexquant Investment LP acquired a new stake in Lionsgate Studios in the first quarter worth $81,000. EntryPoint Capital LLC increased its position in Lionsgate Studios by 60.9% in the first 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 period. OMERS ADMINISTRATION Corp increased its position in Lionsgate Studios by 32.8% in the first 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 period. Finally, Nexpoint Asset Management L.P. increased its position in Lionsgate Studios by 11.8% in the first 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 period.

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.