Lionsgate Studios (NYSE:LION) Downgraded to Strong Sell Rating by Zacks Research

Lionsgate Studios (NYSE:LION) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Benchmark began coverage on shares of Lionsgate Studios in a report on Monday, July 28th. They set a “buy” rating and a $8.50 target price for the company. Wall Street Zen cut shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. Wolfe Research began coverage on Lionsgate Studios in a research note on Tuesday, July 29th. They set a “peer perform” rating for the company. Finally, Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.73.

Lionsgate Studios Stock Down 0.6%

LION stock opened at $6.86 on Tuesday. Lionsgate Studios has a twelve month low of $5.55 and a twelve month high of $8.50. The company has a market cap of $1.99 billion, a P/E ratio of -10.24 and a beta of -0.12. The business has a fifty day moving average of $6.62 and a 200-day moving average of $6.52.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). As a group, equities research analysts anticipate that Lionsgate Studios will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. bought a new position in shares of Lionsgate Studios in the 2nd quarter valued at about $25,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Lionsgate Studios during the 2nd quarter worth approximately $26,000. Osaic Holdings Inc. raised its stake in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares during the period. FNY Investment Advisers LLC bought a new stake in Lionsgate Studios in the 2nd quarter valued at $31,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Lionsgate Studios in the second quarter valued at 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.