Lionsgate Studios Corp. (NYSE:LION) Given Consensus Rating of “Moderate Buy” by Analysts

Lionsgate Studios Corp. (NYSE:LION) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.65.

A number of brokerages have recently commented on LION. Wells Fargo & Company lifted their price target on shares of Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Barrington Research reiterated an “outperform” rating and issued a $11.50 price target on shares of Lionsgate Studios in a research note on Friday, February 6th. Citigroup lifted their price target on shares of Lionsgate Studios from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Robert W. Baird lifted their price target on shares of Lionsgate Studios from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Benchmark lifted their price target on shares of Lionsgate Studios from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd.

Lionsgate Studios Stock Up 4.0%

Shares of LION stock opened at $11.09 on Friday. The company has a 50 day moving average price of $9.48 and a 200-day moving average price of $8.33. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $11.40. The firm has a market capitalization of $3.22 billion, a PE ratio of -13.05 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The firm had revenue of $724.30 million for the quarter, compared to analysts’ expectations of $706.03 million. Analysts anticipate that Lionsgate Studios will post 0.08 earnings per share for the current year.

Institutional Trading of Lionsgate Studios

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its position in Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after buying an additional 4,852 shares during the period. GAMMA Investing LLC grew its position in Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the period. CIBC Private Wealth Group LLC bought a new stake in Lionsgate Studios during the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd bought a new stake in Lionsgate Studios during the fourth quarter valued at approximately $44,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Lionsgate Studios during the fourth quarter valued at approximately $55,000.

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.