Lionsgate Studios (NYSE:LION) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Lionsgate Studios (NYSE:LION) from a hold rating to a sell rating in a report released on Saturday.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $11.00 price objective on shares of Lionsgate Studios in a report on Friday, February 6th. Wells Fargo & Company boosted their price objective on shares of Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Benchmark raised their target price on shares of Lionsgate Studios from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and an average target price of $9.86.

Lionsgate Studios Stock Performance

Shares of Lionsgate Studios stock opened at $8.10 on Friday. Lionsgate Studios has a 1 year low of $5.55 and a 1 year high of $10.09. The firm’s 50-day simple moving average is $8.92 and its 200-day simple moving average is $7.40. The firm has a market cap of $2.35 billion, a PE ratio of -9.53 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $724.30 million during the quarter, compared to analysts’ expectations of $706.03 million. On average, equities analysts predict that Lionsgate Studios will post 0.08 earnings per share for the current year.

Insider Activity

In related news, insider Michael Raymond Burns sold 21,748 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the transaction, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This represents a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund raised its position in shares of Lionsgate Studios by 2.3% during the 4th quarter. New York State Common Retirement Fund now owns 53,587 shares of the company’s stock worth $489,000 after buying an additional 1,200 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Lionsgate Studios by 2.9% in the third quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock valued at $420,000 after buying an additional 1,743 shares during the period. GAMMA Investing LLC boosted its stake in Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Lionsgate Studios by 10.0% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,925 shares of the company’s stock worth $191,000 after acquiring an additional 1,900 shares during the period. Finally, ProShare Advisors LLC raised its position in Lionsgate Studios by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock worth $342,000 after acquiring an additional 2,410 shares in 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.