Lionsgate Studios (NYSE:LION) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

LION has been the subject of several other research reports. Morgan Stanley reiterated an “overweight” rating and issued a $15.00 price target on shares of Lionsgate Studios in a research report on Thursday, August 6th. JPMorgan Chase & Co. began coverage on Lionsgate Studios in a research note on Friday, September 25th. They set an “underweight” rating and a $9.00 price objective on the stock. Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday, October 15th. Finally, Citizens Jmp started coverage on Lionsgate Studios in a research note on Monday, September 14th. They issued a “market outperform” rating and a $18.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.16.

Lionsgate Studios Trading Down 2.3%

LION opened at $12.20 on Friday. The company has a 50 day simple moving average of $11.37 and a two-hundred day simple moving average of $11.53. Lionsgate Studios has a 1-year low of $6.14 and a 1-year high of $16.70.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to the consensus estimate of $703.10 million. On average, equities research analysts expect that Lionsgate Studios will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LION. BlackRock Inc. purchased a new stake in shares of Lionsgate Studios in the second quarter valued at approximately $251,521,000. Wellington Management Group LLP bought a new position in Lionsgate Studios in the second quarter worth approximately $113,683,000. Jefferies Financial Group Inc. bought a new position in Lionsgate Studios in the second quarter worth approximately $88,896,000. Coastal Bridge Advisors LLC purchased a new position in Lionsgate Studios during the 2nd quarter worth $83,144,000. Finally, Cooper Creek Partners Management LLC purchased a new position in Lionsgate Studios during the 1st quarter worth $43,715,000.

About Lionsgate Studios

Lionsgate Studios (NYSE:LION) is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.

The company’s film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.