Lionsgate Studios (NYSE:LION) Stock Price Down 3.9% - What's Next?

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)'s share price traded down 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wolfe Research assumed coverage on Lionsgate Studios in a research report on Tuesday, July 29th. They set a "peer perform" rating for the company. Rosenblatt Securities lowered 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 report on Wednesday, June 4th. They issued a "hold" rating and a $8.00 price target for the company. Baird R W raised Lionsgate Studios to a "strong-buy" rating in a report on Friday, September 5th. Finally, TD Cowen started coverage on Lionsgate Studios in a report on Tuesday, June 3rd. They issued a "hold" rating and a $8.00 price target for the company. Two research 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.75.

Lionsgate Studios Price Performance

The stock has a 50 day simple moving average of $6.30 and a two-hundred day simple moving average of $7.27. The company has a market cap of $2.16 billion, a PE ratio of -11.13 and a beta of -0.21.

Lionsgate Studios (NYSE:LION - Get Free Report) last issued its quarterly earnings data 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). As a group, equities 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. acquired 72,089 shares of Lionsgate Studios stock in a transaction on Wednesday, July 9th. The stock was bought at an average price of $5.59 per share, for a total transaction of $402,977.51. Following the completion of the purchase, the insider owned 37,548,125 shares in the company, valued at $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 SEC, which is accessible through this hyperlink. Insiders purchased a total of 1,559,489 shares of company stock valued at $8,950,186 in the last three months. 9.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lionsgate Studios

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in Lionsgate Studios in the second quarter valued at approximately $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Lionsgate Studios in the second quarter valued at approximately $26,000. Osaic Holdings Inc. lifted its stake in Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock valued at $29,000 after buying an additional 4,852 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Lionsgate Studios during the second quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Lionsgate Studios during the second quarter worth approximately $36,000.

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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