Wall Street Zen Upgrades Lionsgate Studios (NYSE:LION) to Hold

Lionsgate Studios (NYSE:LION) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued reports about the stock. Barrington Research reissued an “outperform” rating and set a $8.50 target price on shares of Lionsgate Studios in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Benchmark increased their price objective on shares of Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 24th. Morgan Stanley restated an “overweight” rating and issued a $10.00 target price on shares of Lionsgate Studios in a research note on Thursday, December 18th. Finally, Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lionsgate Studios currently has a consensus rating of “Moderate Buy” and an average target price of $9.14.

Lionsgate Studios Trading Up 3.1%

Shares of LION opened at $9.52 on Friday. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $9.55. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -14.21 and a beta of -0.48. The stock has a 50 day moving average of $8.05 and a 200-day moving average of $6.99.

Lionsgate Studios (NYSE:LION) last posted its quarterly 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). On average, sell-side analysts predict that Lionsgate Studios will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lionsgate Studios news, insider Michael Raymond Burns sold 21,748 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the transaction, the insider owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On Lionsgate Studios

Several hedge funds and other institutional investors have recently made changes to their positions in LION. Herbst Group LLC bought a new position in Lionsgate Studios in the 4th quarter worth approximately $1,649,000. Norden Group LLC acquired a new position in Lionsgate Studios during the 4th quarter worth $151,000. Uhlmann Price Securities LLC grew its stake in shares of Lionsgate Studios by 10.5% in the fourth quarter. Uhlmann Price Securities LLC now owns 54,586 shares of the company’s stock worth $498,000 after purchasing an additional 5,175 shares in the last quarter. Occidental Asset Management LLC bought a new position in shares of Lionsgate Studios in the fourth quarter worth $105,000. Finally, GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 1,773 shares during the period.

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.