Lionsgate Studios (NYSE:LION) Stock Price Down 3.9% - Should You Sell?

Key Points

• Lionsgate Studios stock price decreased by 3.9% to $7.36, with a significant drop in trading volume, falling to 409,430 shares compared to an average of over 2 million shares.
• Equities analysts have a consensus rating of Moderate Buy for Lionsgate Studios, with a target price of $8.75, while recent reports indicate a range of ratings from "Strong Buy" to "Hold."
• Major shareholder Liberty 77 Capital L.P. purchased nearly 72,089 shares at $5.59 each, increasing their ownership, while insiders collectively bought over 1.5 million shares in the last three months.

Lionsgate Studios Corp. (NYSE:LION - Get Free Report) shares fell 3.9% during trading on Friday . The company traded as low as $7.35 and last traded at $7.36. 409,430 shares changed hands during trading, a decline of 83% from the average session volume of 2,469,407 shares. The stock had previously closed at $7.66.

Analysts Set New Price Targets

A number of brokerages recently commented on LION. Wells Fargo & Company started coverage on Lionsgate Studios in a research report on Tuesday, August 5th. They set an "overweight" rating and a $9.00 price target for the company. Robert W. Baird started coverage on Lionsgate Studios in a research report on Friday, September 5th. They issued an "outperform" rating and a $8.00 target price for the company. Wall Street Zen downgraded Lionsgate Studios from a "hold" rating to a "sell" rating in a research report on Sunday, August 10th. Wolfe Research started coverage on Lionsgate Studios in a research report on Tuesday, July 29th. They issued a "peer perform" rating for the company. Finally, Citigroup decreased their target price 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. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $8.75.

Lionsgate Studios Trading Up 0.8%

The business has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $7.20. The stock has a market cap of $2.09 billion, a PE ratio of -10.78 and a beta of -0.21.

Lionsgate Studios (NYSE:LION - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.18). On average, research analysts predict that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In other Lionsgate Studios news, major shareholder Liberty 77 Capital L.P. purchased 500,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were acquired at an average cost of $5.63 per share, with a total value of $2,815,000.00. Following the completion of the acquisition, the insider directly owned 37,476,036 shares in the company, valued at $210,990,082.68. The trade was a 1.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders acquired 1,072,089 shares of company stock valued at $6,050,156.

Institutional Investors Weigh In On Lionsgate Studios

Large investors have recently made changes to their positions in the company. Alpine Global Management LLC increased its holdings in shares of Lionsgate Studios by 570.9% in the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock worth $1,656,000 after purchasing an additional 188,700 shares during the last quarter. Anson Funds Management LP increased its holdings in shares of Lionsgate Studios by 11.9% in the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock worth $26,433,000 after purchasing an additional 375,409 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Lionsgate Studios in the first quarter worth about $81,000. EntryPoint Capital LLC increased its holdings in shares of 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 purchasing an additional 13,910 shares during the last quarter. Finally, Nexpoint Asset Management L.P. increased its holdings in shares of 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 purchasing an additional 9,300 shares during the last quarter.

About Lionsgate Studios

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.