Lionsgate Studios Corp. (NYSE:LION) Receives $8.75 Average PT from Analysts

Lionsgate Studios Corp. (NYSE:LION) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.75.

LION has been the topic of a number of research reports. Wolfe Research initiated coverage on Lionsgate Studios in a report on Tuesday, July 29th. They issued a “peer perform” rating on the stock. Loop Capital initiated coverage on Lionsgate Studios in a report on Wednesday, June 4th. They issued a “hold” rating and a $8.00 price objective on the stock. Baird R W raised Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. Wells Fargo & Company initiated coverage on Lionsgate Studios in a report on Tuesday, August 5th. They issued an “overweight” rating and a $9.00 price objective on the stock. Finally, Benchmark initiated coverage on Lionsgate Studios in a report on Monday, July 28th. They issued a “buy” rating and a $8.50 price objective on the stock.

Lionsgate Studios Trading Up 0.7%

LION opened at $7.02 on Monday. Lionsgate Studios has a 1-year low of $5.55 and a 1-year high of $8.50. The stock’s fifty day simple moving average is $6.49 and its 200 day simple moving average is $7.04. The stock has a market cap of $2.03 billion, a PE ratio of -10.48 and a beta of -0.22.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Equities analysts forecast that Lionsgate Studios will post 0.08 earnings per share for the current year.

Insider Activity

In related news, major shareholder Liberty 77 Capital L.P. bought 72,089 shares of Lionsgate Studios stock in a transaction dated Wednesday, July 9th. The shares were bought at an average cost of $5.59 per share, with a total value of $402,977.51. Following the acquisition, the insider owned 37,548,125 shares in the company, valued at $209,894,018.75. This trade represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional Trading of Lionsgate Studios

Several large investors have recently modified their holdings of LION. EntryPoint Capital LLC grew its holdings in shares of Lionsgate Studios by 60.9% during the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock worth $275,000 after purchasing an additional 13,910 shares in the last quarter. Anson Funds Management LP grew its holdings in shares of Lionsgate Studios by 11.9% during the 1st 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 in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of Lionsgate Studios by 32.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after purchasing an additional 19,740 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Lionsgate Studios during the 1st quarter worth $81,000. Finally, Alpine Global Management LLC grew its holdings in shares of Lionsgate Studios by 570.9% during the 1st 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 in the last quarter.

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.