Lionsgate Studios (NYSE:LION) Rating Increased to Hold at Wall Street Zen

Key Points

• Lionsgate Studios has been upgraded to a "hold" rating by analysts at Wall Street Zen, indicating a potential stabilization in stock performance.
• Analysts have varied opinions on the stock, with a consensus target price of $8.81, and ratings ranging from "strong buy" to "peer perform."
• The company's recent earnings report showed a EPS of $0.17, missing estimates by $0.33, alongside quarterly revenue of $1.07 billion, below expected $1.19 billion.

Lionsgate Studios (NYSE:LION - Get Free Report) was upgraded by analysts at Wall Street Zen to a "hold" rating in a research note issued on Saturday.

Other research analysts have also issued research reports about the company. Citigroup reduced their price objective on Lionsgate Studios from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Rosenblatt Securities reduced their price target on 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 Lionsgate Studios in a research report on Wednesday, June 4th. They issued a "hold" rating and a $8.00 price target for the company. Wolfe Research initiated coverage on shares of Lionsgate Studios in a research note on Tuesday. They set a "peer perform" rating for the company. Finally, Morgan Stanley decreased their target price on shares of Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Five 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.81.

Lionsgate Studios Trading Up 2.2%

NYSE:LION opened at $6.05 on Friday. The company has a 50-day moving average price of $6.31 and a 200-day moving average price of $7.77. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -14.07 and a beta of -0.25. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $8.50.

Lionsgate Studios (NYSE:LION - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.33). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.19 billion. Equities analysts forecast that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Insider Activity at Lionsgate Studios

In related news, major shareholder Liberty 77 Capital L.P. bought 72,089 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was acquired at an average cost of $5.59 per share, for a total transaction of $402,977.51. Following the purchase, the insider owned 37,548,125 shares in the company, valued at approximately $209,894,018.75. This represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 1,559,489 shares of company stock valued at $8,950,186 in the last three months. Insiders own 9.40% of the company's stock.

Institutional Trading of Lionsgate Studios

Large investors have recently modified their holdings of the company. Bessemer Group Inc. bought a new position in Lionsgate Studios in the 2nd quarter worth $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Lionsgate Studios in the second quarter worth about $26,000. FNY Investment Advisers LLC bought a new position in shares of Lionsgate Studios in the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lionsgate Studios during the 2nd quarter valued at about $36,000. Finally, CWM LLC bought a new position in shares of Lionsgate Studios during the 2nd quarter valued at approximately $44,000.

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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