Lionsgate Studios Corp. (NYSE:LION - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.76 and last traded at $5.78, with a volume of 2455551 shares trading hands. The stock had previously closed at $5.92.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Citigroup cut 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. Morgan Stanley dropped their price target on shares of Lionsgate Studios from $8.50 to $8.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Rosenblatt Securities dropped their price target on shares of Lionsgate Studios from $13.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. TD Cowen began coverage on shares of Lionsgate Studios in a report on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 target price for the company. Finally, Raymond James Financial began coverage on shares of Lionsgate Studios in a report on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 target price for the company. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.86.
Get Our Latest Research Report on Lionsgate Studios
Lionsgate Studios Stock Performance
The firm has a market capitalization of $1.67 billion and a P/E ratio of -13.42. The company has a 50 day simple moving average of $7.28 and a two-hundred day simple moving average of $8.19.
Lionsgate Studios (NYSE:LION - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, sell-side analysts expect that Lionsgate Studios Corp. 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. bought 420,234 shares of the stock in a transaction dated Friday, June 20th. The stock was purchased at an average cost of $5.65 per share, for a total transaction of $2,374,322.10. Following the transaction, the insider now owns 36,896,270 shares of the company's stock, valued at $208,463,925.50. The trade was a 1.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.40% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nexpoint Asset Management L.P. lifted its position in Lionsgate Studios by 11.8% during the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company's stock valued at $660,000 after purchasing an additional 9,300 shares during the last quarter. Trexquant Investment LP bought a new position in Lionsgate Studios during the first quarter valued at $81,000. EntryPoint Capital LLC lifted 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 acquiring an additional 13,910 shares during the last quarter. OMERS ADMINISTRATION Corp lifted 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 acquiring an additional 19,740 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Lionsgate Studios in the 1st quarter valued at about $825,000.
Lionsgate Studios Company Profile
(
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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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