Wall Street Zen Downgrades Lionsgate Studios (NYSE:LION) to Sell

Key Points

• Wall Street Zen downgraded Lionsgate Studios (NYSE:LION) from a "hold" to a "sell" in a research note issued on Sunday.
• The analyst landscape is mixed — seven Buy, five Hold and one Sell — leaving a MarketBeat consensus rating of "Hold" with a $10.81 average target, while several firms have recent price targets in the $11–$12.60 range.
• Lionsgate trades around $11.43 with a $3.32B market cap and a negative P/E; last quarter it reported an EPS miss of ($0.07) versus ($0.02) expected but posted revenue of $724.3M, beating estimates.

Lionsgate Studios (NYSE:LION - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Sunday.

Several other research firms have also commented on LION. Morgan Stanley reissued an "overweight" rating and issued a $11.00 price objective on shares of Lionsgate Studios in a research report on Friday, February 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lionsgate Studios in a research report on Tuesday. Barrington Research restated an "outperform" rating and set a $11.50 target price on shares of Lionsgate Studios in a research note on Friday, February 6th. Benchmark raised their target price on Lionsgate Studios from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Tuesday, February 3rd. Finally, Citigroup downgraded Lionsgate Studios from a "buy" rating to a "neutral" rating and raised their target price for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.81.

Lionsgate Studios Trading Up 0.8%

NYSE LION opened at $11.43 on Friday. The business's 50 day moving average is $9.84 and its two-hundred day moving average is $8.56. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $12.58. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -13.45 and a beta of -0.48.

Lionsgate Studios (NYSE:LION - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $724.30 million during the quarter, compared to the consensus estimate of $706.03 million. Equities analysts forecast that Lionsgate Studios will post -0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lionsgate Studios

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Lionsgate Studios by 99.3% in the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company's stock valued at $32,000 after acquiring an additional 1,773 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Lionsgate Studios in the 4th quarter worth approximately $44,000. Osaic Holdings Inc. grew its holdings in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock worth $29,000 after buying an additional 4,852 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Lionsgate Studios in the 3rd quarter worth approximately $38,000. Finally, Farther Finance Advisors LLC grew its holdings in Lionsgate Studios by 4,457.3% in the 4th quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company's stock worth $55,000 after buying an additional 5,839 shares in the last quarter.

Lionsgate Studios Company Profile

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.

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