Lionsgate Studios (NYSE:LION) Hits New 1-Year High – What’s Next?

Lionsgate Studios Corp. (NYSE:LIONGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $13.03 and last traded at $13.01, with a volume of 3642642 shares trading hands. The stock had previously closed at $12.60.

Lionsgate Studios News Summary

Here are the key news stories impacting Lionsgate Studios this week:

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LION. Morgan Stanley lifted their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their price objective for the company from $11.00 to $12.60 in a report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Barrington Research reiterated an “outperform” rating and issued a $14.50 price target on shares of Lionsgate Studios in a research report on Friday. Finally, Raymond James Financial reissued an “outperform” rating and issued a $15.00 price target on shares of Lionsgate Studios in a research note on Friday. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lionsgate Studios currently has an average rating of “Hold” and a consensus target price of $12.41.

View Our Latest Stock Report on LION

Lionsgate Studios Stock Performance

The stock’s 50 day moving average price is $11.10 and its 200 day moving average price is $9.36. The company has a market capitalization of $4.32 billion, a P/E ratio of -20.65 and a beta of 0.56.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd increased its holdings in Lionsgate Studios by 201.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 225,210 shares of the company’s stock worth $1,554,000 after purchasing an additional 150,472 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Lionsgate Studios during the 3rd quarter worth approximately $1,357,000. Compass Rose Asset Management LP bought a new stake in shares of Lionsgate Studios in the 3rd quarter valued at $3,450,000. WINTON GROUP Ltd lifted its position in shares of Lionsgate Studios by 143.2% during the 3rd quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock valued at $1,519,000 after acquiring an additional 129,611 shares during the period. Finally, Anson Funds Management LP lifted its position in shares of Lionsgate Studios by 5.7% during the 3rd quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock valued at $48,394,000 after acquiring an additional 379,388 shares during the period.

About Lionsgate Studios

(Get Free Report)

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.

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