Lionsgate Studios Corp. (NYSE:LION) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Lionsgate Studios Corp. (NYSE:LION) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $9.1364.

LION has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and set a $8.50 price objective on shares of Lionsgate Studios in a research report on Friday, November 7th. Morgan Stanley restated an “overweight” rating and set a $10.00 price target on shares of Lionsgate Studios in a report on Thursday, December 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Zacks Research lowered shares of Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Finally, Wall Street Zen downgraded shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Saturday.

Insider Buying and Selling at Lionsgate Studios

In other news, insider Michael Raymond Burns sold 21,748 shares of Lionsgate Studios stock in a transaction dated 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 approximately $27,581,529.13. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Lionsgate Studios

Several large investors have recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp increased its holdings in Lionsgate Studios by 32.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after purchasing an additional 19,740 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Lionsgate Studios in the 1st quarter valued at $81,000. Millennium Management LLC lifted its position in shares of Lionsgate Studios by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after acquiring an additional 837,774 shares during the period. Nexpoint Asset Management L.P. boosted its stake in Lionsgate Studios by 11.8% during the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company’s stock worth $660,000 after acquiring an additional 9,300 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Lionsgate Studios by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock worth $3,099,000 after acquiring an additional 275,839 shares in the last quarter.

Lionsgate Studios Stock Performance

Shares of NYSE:LION opened at $8.58 on Wednesday. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $9.48. The firm has a market cap of $2.49 billion, a PE ratio of -12.81 and a beta of -0.48. The firm’s fifty day moving average is $7.65 and its 200-day moving average is $6.81.

Lionsgate Studios (NYSE:LION) last announced its earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Sell-side analysts forecast that Lionsgate Studios will post 0.08 EPS for the current year.

Lionsgate Studios Company Profile

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.