Lionsgate Entertainment (NYSE:LION) Earns Hold Rating from Analysts at Loop Capital

Stock analysts at Loop Capital initiated coverage on shares of Lionsgate Entertainment (NYSE:LION - Get Free Report) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a "hold" rating and a $8.00 price target on the stock. Loop Capital's target price indicates a potential upside of 19.40% from the stock's previous close.

A number of other research firms also recently commented on LION. Raymond James initiated coverage on shares of Lionsgate Entertainment in a research report on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 target price for the company. Wall Street Zen raised shares of Lionsgate Entertainment from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. upgraded shares of Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $8.00 to $9.00 in a research report on Monday, March 31st. TD Cowen assumed coverage on shares of Lionsgate Entertainment in a research report on Tuesday. They set a "hold" rating and a $8.00 price objective for the company. Finally, Morgan Stanley reduced their price target on Lionsgate Entertainment from $8.50 to $8.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lionsgate Entertainment currently has an average rating of "Moderate Buy" and a consensus price target of $8.86.

Lionsgate Entertainment Trading Down 2.9%

NYSE LION traded down $0.20 on Wednesday, hitting $6.70. The company's stock had a trading volume of 2,327,759 shares, compared to its average volume of 2,577,853. The firm has a market cap of $1.93 billion, a P/E ratio of -5.40, a PEG ratio of 13.47 and a beta of 1.07. The company's 50-day simple moving average is $7.69 and its 200 day simple moving average is $8.34. Lionsgate Entertainment has a 52-week low of $6.45 and a 52-week high of $8.50.

Lionsgate Entertainment (NYSE:LION - Get Free Report) last announced 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 the consensus estimate of $1.19 billion. Lionsgate Entertainment had a negative net margin of 7.34% and a negative return on equity of 57.26%. On average, research analysts forecast that Lionsgate Entertainment will post 0.08 EPS for the current fiscal year.

Institutional Trading of Lionsgate Entertainment

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC increased its stake in Lionsgate Entertainment by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after purchasing an additional 837,774 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Lionsgate Entertainment by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock worth $3,099,000 after purchasing an additional 275,839 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Lionsgate Entertainment during the 1st quarter worth about $825,000. Trexquant Investment LP purchased a new position in Lionsgate Entertainment in the 1st quarter valued at about $81,000. Finally, Nexpoint Asset Management L.P. boosted its holdings in Lionsgate Entertainment by 11.8% in the 1st 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 last quarter. 34.05% of the stock is owned by hedge funds and other institutional investors.

Lionsgate Entertainment 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.