Lionsgate Studios (NYSE:LION) Releases Quarterly Earnings Results

Lionsgate Studios (NYSE:LION) issued its quarterly earnings data on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $906.50 million during the quarter.

Lionsgate Studios Price Performance

NYSE:LION traded up $0.29 during trading hours on Thursday, reaching $12.89. 5,018,402 shares of the stock were exchanged, compared to its average volume of 2,976,744. Lionsgate Studios has a twelve month low of $5.55 and a twelve month high of $13.03. The firm has a 50 day moving average of $10.95 and a 200 day moving average of $9.28. The stock has a market cap of $3.74 billion, a PE ratio of -15.16 and a beta of 0.56.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Wall Street Zen lowered Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Benchmark boosted their price objective on Lionsgate Studios from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Morgan Stanley boosted their price objective on Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Barrington Research boosted their price objective on Lionsgate Studios from $11.50 to $14.50 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lionsgate Studios has an average rating of “Hold” and an average target price of $12.12.

Hedge Funds Weigh In On Lionsgate Studios

A number of large investors have recently bought and sold shares of LION. Jericho Capital Asset Management L.P. acquired a new position in Lionsgate Studios during the 4th quarter worth approximately $51,119,000. Cooper Creek Partners Management LLC acquired a new position in Lionsgate Studios during the 1st quarter worth approximately $43,715,000. Anson Funds Management LP boosted its position in Lionsgate Studios by 36.3% during the 4th quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock worth $87,255,000 after acquiring an additional 2,543,352 shares during the last quarter. Marshall Wace LLP boosted its position in Lionsgate Studios by 273.4% during the 4th quarter. Marshall Wace LLP now owns 2,331,777 shares of the company’s stock worth $21,289,000 after acquiring an additional 1,707,282 shares during the last quarter. Finally, Broad Bay Capital Management LP boosted its position in Lionsgate Studios by 38.7% during the 4th quarter. Broad Bay Capital Management LP now owns 5,168,008 shares of the company’s stock worth $47,184,000 after acquiring an additional 1,441,700 shares during the last quarter.

About Lionsgate Studios

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.