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

Lionsgate Studios Corp. (NYSE:LION) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.8636.

Several research firms have recently commented on LION. Barrington Research reaffirmed an “outperform” rating and set a $11.50 price target on shares of Lionsgate Studios in a research report on Friday, February 6th. Morgan Stanley restated an “overweight” rating and set a $11.00 target price on shares of Lionsgate Studios in a research report on Friday, February 6th. Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th.

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 stock was sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the sale, the insider owned 3,061,213 shares in the company, valued at $27,581,529.13. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 32.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Liberty 77 Capital L.P. bought a new stake in Lionsgate Studios during the 2nd quarter worth approximately $214,831,000. Anson Funds Management LP increased its stake in shares of Lionsgate Studios by 36.3% in the fourth quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock worth $87,255,000 after purchasing an additional 2,543,352 shares in the last quarter. Jefferies Financial Group Inc. raised its position in shares of Lionsgate Studios by 251.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock valued at $33,732,000 after purchasing an additional 4,151,822 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of Lionsgate Studios during the 4th quarter valued at $51,119,000. Finally, Broad Bay Capital Management LP boosted its holdings in Lionsgate Studios by 38.7% in the 4th quarter. Broad Bay Capital Management LP now owns 5,168,008 shares of the company’s stock worth $47,184,000 after buying an additional 1,441,700 shares during the period.

Lionsgate Studios Price Performance

NYSE LION opened at $8.41 on Thursday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of -9.89 and a beta of -0.48. Lionsgate Studios has a 1-year low of $5.55 and a 1-year high of $10.09. The business’s fifty day moving average price is $8.98 and its 200-day moving average price is $7.51.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) EPS 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 the consensus estimate of $706.03 million. Equities research analysts anticipate that Lionsgate Studios will post 0.08 EPS for the current year.

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.