Lionsgate Studios (NYSE:LION) Receives Outperform Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Lionsgate Studios (NYSE:LION) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $8.50 target price on the stock.

Several other analysts have also recently weighed in on LION. Benchmark started coverage on Lionsgate Studios in a report on Monday, July 28th. They set a “buy” rating and a $8.50 price objective for the company. Wall Street Zen lowered shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Sunday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Robert W. Baird initiated coverage on Lionsgate Studios in a research report on Friday, September 5th. They issued an “outperform” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.73.

Lionsgate Studios Stock Performance

Shares of NYSE LION traded down $0.13 during trading on Friday, reaching $6.90. The company had a trading volume of 2,600,162 shares, compared to its average volume of 2,446,866. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $8.50. The business’s 50 day moving average price is $6.56 and its 200-day moving average price is $6.62. The stock has a market cap of $2.00 billion, a PE ratio of -10.30 and a beta of -0.12.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). Equities analysts anticipate that Lionsgate Studios will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Lionsgate Studios

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. bought a new stake in Lionsgate Studios during the 2nd quarter worth approximately $25,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Lionsgate Studios during the second quarter worth $26,000. Osaic Holdings Inc. raised its holdings in shares of Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after acquiring an additional 4,852 shares during the period. FNY Investment Advisers LLC bought a new stake in Lionsgate Studios in the 2nd quarter valued at $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Lionsgate Studios in the 2nd quarter worth $36,000.

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.