Lionsgate Studios (NYSE:LION) Hits New 12-Month High – Should You Buy?

Lionsgate Studios Corp. (NYSE:LIONGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.01 and last traded at $12.92, with a volume of 527791 shares traded. The stock had previously closed at $12.53.

Analysts Set New Price Targets

LION has been the topic of a number of recent analyst reports. Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $12.60 in a research report on Monday, April 20th. Benchmark boosted their target price on Lionsgate Studios from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Wells Fargo & Company upped their price target on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Morgan Stanley upped their price target on Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lionsgate Studios presently has an average rating of “Hold” and a consensus target price of $11.91.

Get Our Latest Analysis on Lionsgate Studios

Lionsgate Studios Stock Up 1.8%

The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of -15.01 and a beta of 0.56. The firm has a 50-day moving average of $10.69 and a two-hundred day moving average of $9.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LION. Millennium Management LLC grew its stake in Lionsgate Studios by 72.6% in 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. Goldman Sachs Group Inc. grew its stake in Lionsgate Studios by 198.5% in the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after purchasing an additional 275,839 shares in the last quarter. Jane Street Group LLC purchased a new position in Lionsgate Studios in the first quarter valued at about $825,000. Envestnet Asset Management Inc. purchased a new position in Lionsgate Studios in the second quarter valued at about $77,000. Finally, Creative Planning purchased a new position in Lionsgate Studios in the second quarter valued at about $117,000.

About Lionsgate Studios

(Get Free Report)

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.

Further Reading

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