Lionsgate Studios (NYSE:LION) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other analysts also recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $10.00 price target on shares of Lionsgate Studios in a report on Thursday, December 18th. Barrington Research reiterated an “outperform” rating and set a $8.50 target price on shares of Lionsgate Studios in a report on Friday, November 7th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Finally, Benchmark lifted their price objective on shares of Lionsgate Studios from $8.50 to $11.00 and gave the company a “buy” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $9.14.

Lionsgate Studios Stock Performance

LION opened at $9.52 on Friday. Lionsgate Studios has a 1 year low of $5.55 and a 1 year high of $9.55. The firm has a 50 day moving average price of $8.05 and a 200 day moving average price of $6.98. The company has a market cap of $2.76 billion, a PE ratio of -14.21 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). On average, sell-side analysts predict that Lionsgate Studios will post 0.08 earnings per share for the current year.

Insider Activity

In other news, insider Michael Raymond Burns sold 21,748 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total transaction of $195,949.48. Following the completion of the transaction, the insider directly owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. This represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is currently owned by insiders.

Institutional Trading of Lionsgate Studios

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Lionsgate Studios by 99.3% during the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after acquiring an additional 1,773 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Lionsgate Studios during the second quarter worth about $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in Lionsgate Studios in the second quarter worth about $26,000. Osaic Holdings Inc. grew 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 worth $29,000 after purchasing an additional 4,852 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Lionsgate Studios in the second quarter valued at about $31,000.

About Lionsgate Studios

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.