Lionsgate Studios Corp. (NYSE:LION) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.5750.

Several research analysts have weighed in on the stock. Benchmark upped their price objective on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Barrington Research lifted their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Seaport Research Partners restated a “buy” rating and set a $16.00 price target on shares of Lionsgate Studios in a report on Friday, May 22nd. Citigroup downgraded shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their price target for the stock from $11.00 to $12.60 in a research note on Monday, April 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in Lionsgate Studios by 4,852.0% in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in Lionsgate Studios by 99.3% in the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after purchasing an additional 1,773 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in Lionsgate Studios in the third quarter worth $38,000. Caitong International Asset Management Co. Ltd acquired a new position in Lionsgate Studios during the fourth quarter worth $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Lionsgate Studios during the fourth quarter worth $55,000.

Lionsgate Studios Stock Performance

LION stock opened at $13.91 on Friday. The stock has a market cap of $4.04 billion, a P/E ratio of -19.32 and a beta of 0.64. The firm has a 50 day simple moving average of $14.06 and a 200 day simple moving average of $11.29. Lionsgate Studios has a 52 week low of $5.65 and a 52 week high of $16.70.

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.