Lionsgate Studios (NYSE:LION) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Lionsgate Studios (NYSE:LION) announced its quarterly earnings data on Thursday. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14), Zacks reports.

Lionsgate Studios Price Performance

Shares of Lionsgate Studios stock traded down $0.13 on Friday, hitting $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 company has a market cap of $2.00 billion, a PE ratio of -10.30 and a beta of -0.12. The business has a 50-day simple moving average of $6.56 and a 200-day simple moving average of $6.62.

Wall Street Analysts Forecast Growth

LION has been the subject of a number of research reports. Robert W. Baird started coverage on Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 target price for the company. Wells Fargo & Company began coverage on Lionsgate Studios in a research note on Tuesday, August 5th. They issued an “overweight” rating and a $9.00 target price on the stock. Wall Street Zen lowered shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. Zacks Research raised shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Wolfe Research began coverage on shares of Lionsgate Studios in a research report on Tuesday, July 29th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and an average target price of $8.73.

Hedge Funds Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LION. Jane Street Group LLC raised its stake in shares of Lionsgate Studios by 3.1% in the 2nd quarter. Jane Street Group LLC now owns 113,934 shares of the company’s stock worth $662,000 after buying an additional 3,455 shares in the last quarter. Osaic Holdings Inc. grew its holdings in 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. Walleye Trading LLC acquired a new position in Lionsgate Studios during the second quarter worth about $60,000. Orion Porfolio Solutions LLC bought a new stake in Lionsgate Studios in the second quarter worth about $70,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Lionsgate Studios in the 2nd quarter valued at about $77,000.

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.