Lionsgate Studios (NYSE:LION – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.
Several other equities research analysts have also recently weighed in on LION. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, October 15th. B. Riley Financial reduced their target price on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Morgan Stanley reissued an “overweight” rating and set a $15.00 target price on shares of Lionsgate Studios in a research note on Thursday, August 6th. Seaport Research Partners restated a “buy” rating and set a $17.00 target price on shares of Lionsgate Studios in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. initiated coverage on Lionsgate Studios in a research note on Friday, September 25th. They issued an “underweight” rating and a $9.00 price target for the company. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.16.
Check Out Our Latest Report on Lionsgate Studios
Lionsgate Studios Trading Down 2.4%
Lionsgate Studios stock opened at $12.15 on Friday. The firm has a 50-day moving average of $11.44 and a 200-day moving average of $11.61. Lionsgate Studios has a 1-year low of $6.25 and a 1-year high of $16.70.
Lionsgate Studios (NYSE:LION – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million during the quarter, compared to the consensus estimate of $703.10 million. On average, analysts expect that Lionsgate Studios will post 0.03 earnings per share for the current year.
Institutional Trading of Lionsgate Studios
A number of hedge funds have recently modified their holdings of LION. BlackRock Inc. bought a new position in shares of Lionsgate Studios in the 2nd quarter worth about $251,521,000. Wellington Management Group LLP bought a new stake in Lionsgate Studios during the second quarter worth about $113,683,000. Jefferies Financial Group Inc. bought a new stake in Lionsgate Studios during the second quarter worth about $88,896,000. Coastal Bridge Advisors LLC purchased a new stake in Lionsgate Studios in the second quarter worth about $83,144,000. Finally, Cooper Creek Partners Management LLC purchased a new stake in Lionsgate Studios in the first quarter worth about $43,715,000.
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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