Lionsgate Studios Corp. (NYSE:LION) Receives Average Recommendation of “Hold” from Analysts

Lionsgate Studios Corp. (NYSE:LION) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $15.5750.

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Lionsgate Studios from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Morgan Stanley raised their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Seaport Research Partners restated a “buy” rating and set a $16.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Barrington Research upped their price objective on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Finally, Benchmark increased their price objective on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th.

Institutional Investors Weigh In On Lionsgate Studios

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LION. Osaic Holdings Inc. lifted its holdings in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after buying an additional 4,852 shares during the period. GAMMA Investing LLC boosted its stake in shares of Lionsgate Studios by 99.3% in the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after buying an additional 1,773 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in Lionsgate Studios during the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd purchased a new position in Lionsgate Studios during the fourth quarter valued at approximately $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Lionsgate Studios in the fourth quarter valued at approximately $55,000.

Lionsgate Studios Stock Performance

Lionsgate Studios stock opened at $13.33 on Friday. The business’s 50-day simple moving average is $14.18 and its two-hundred day simple moving average is $11.44. The company has a market cap of $3.87 billion, a PE ratio of -18.51 and a beta of 0.64. Lionsgate Studios has a fifty-two week low of $5.65 and a fifty-two week high of $16.70.

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.