Lionsgate Studios Corp. (NYSE:LION – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $13.29, but opened at $14.25. Lionsgate Studios shares last traded at $14.21, with a volume of 1,365,528 shares traded.
Wall Street Analyst Weigh In
Several brokerages have issued reports on LION. Barrington Research boosted their target price on Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Morgan Stanley increased their price target on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $15.00 price target on shares of Lionsgate Studios in a research note on Friday, May 22nd. Wall Street Zen cut Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Zacks Research raised Lionsgate Studios from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.57.
Get Our Latest Stock Report on Lionsgate Studios
Lionsgate Studios Trading Up 5.6%
Hedge Funds Weigh In On Lionsgate Studios
A number of institutional investors have recently modified their holdings of the stock. Herbst Group LLC purchased a new position in shares of Lionsgate Studios in the 4th quarter valued at $1,649,000. Union Square Park Capital Management LLC lifted its stake in shares of Lionsgate Studios by 39.6% during the 4th quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company’s stock worth $2,739,000 after purchasing an additional 85,100 shares during the last quarter. Alpine Global Management LLC lifted its stake in shares of Lionsgate Studios by 21.3% during the 3rd quarter. Alpine Global Management LLC now owns 458,578 shares of the company’s stock worth $3,164,000 after purchasing an additional 80,525 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Lionsgate Studios during the fourth quarter valued at about $51,119,000. Finally, Irenic Capital Management LP bought a new stake in Lionsgate Studios during the fourth quarter valued at about $871,000.
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.
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