Lionsgate Studios Corp. (NYSE:LION – Get Free Report) shares rose 17.1% during trading on Tuesday. The stock traded as high as $12.88 and last traded at $12.44. Approximately 4,357,641 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 2,971,464 shares. The stock had previously closed at $10.62.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on LION. Seaport Research Partners restated a “buy” rating and set a $17.00 price objective on shares of Lionsgate Studios in a research note on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on Lionsgate Studios in a research note on Friday, September 25th. They issued an “underweight” rating and a $9.00 target price on the stock. B. Riley Financial reduced their price target on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Citizens Jmp initiated coverage on shares of Lionsgate Studios in a report on Monday, September 14th. They issued a “market outperform” rating and a $18.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.16.
Get Our Latest Analysis on Lionsgate Studios
Lionsgate Studios Stock Up 13.8%
The company has a 50 day moving average of $11.29 and a two-hundred day moving average of $12.49. The firm has a market cap of $3.60 billion, a P/E ratio of -28.79 and a beta of 0.67.
Lionsgate Studios (NYSE:LION – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. Research analysts expect that Lionsgate Studios Corp. will post 0.03 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Lionsgate Studios
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S bought a new stake in shares of Lionsgate Studios during the 2nd quarter worth $49,000. Lido Advisors LLC acquired a new position in shares of Lionsgate Studios in the 1st quarter worth approximately $112,000. Praxis Investment Management Inc. bought a new position in Lionsgate Studios in the 1st quarter valued at $117,000. Integrated Wealth Concepts LLC acquired a new position in Lionsgate Studios in the second quarter worth $118,000. Finally, State of Wyoming acquired a new stake in Lionsgate Studios in the 1st quarter valued at about $145,000.
About Lionsgate Studios
Lionsgate Studios (NYSE:LION) is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.
The company’s film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.
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