Lionsgate Studios’ (LION) Outperform Rating Reiterated at Barrington Research

Lionsgate Studios (NYSE:LION)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a note issued to investors on Friday,Benzinga reports. They presently have a $8.50 target price on the stock. Barrington Research’s target price indicates a potential upside of 20.06% from the company’s previous close.

LION has been the topic of a number of other research reports. Baird R W raised Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. Robert W. Baird assumed coverage on Lionsgate Studios in a report on Friday, September 5th. They set an “outperform” rating and a $8.00 price target on the stock. Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Wolfe Research initiated coverage on shares of Lionsgate Studios in a report on Tuesday, July 29th. They set a “peer perform” rating on the stock. Finally, Benchmark initiated coverage on shares of Lionsgate Studios in a research note on Monday, July 28th. They set a “buy” rating and a $8.50 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.73.

Lionsgate Studios Stock Up 5.0%

Shares of NYSE:LION opened at $7.08 on Friday. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $8.50. The company’s 50 day moving average price is $6.55 and its two-hundred day moving average price is $6.63. The firm has a market cap of $2.05 billion, a PE ratio of -10.57 and a beta of -0.12.

Lionsgate Studios (NYSE:LION) last released its earnings results on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). On average, research analysts expect that Lionsgate Studios will post 0.08 EPS for the current year.

Institutional Trading of Lionsgate Studios

A number of hedge funds have recently bought and sold shares of the business. Liberty 77 Capital L.P. purchased a new stake in Lionsgate Studios during the second quarter worth about $214,831,000. Jefferies Financial Group Inc. boosted its stake in Lionsgate Studios by 251.0% during the second quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock valued at $33,732,000 after buying an additional 4,151,822 shares during the period. Geode Capital Management LLC increased its stake in Lionsgate Studios by 658.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company’s stock worth $27,547,000 after acquiring an additional 4,115,334 shares during the last quarter. Anson Funds Management LP increased its position in shares of Lionsgate Studios by 11.9% in the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock worth $26,433,000 after purchasing an additional 375,409 shares during the last quarter. Finally, Millennium Management LLC raised its position in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after purchasing an additional 837,774 shares in the last quarter.

About Lionsgate Studios

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.