Lionsgate Studios (NYSE:LION) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Seaport Research Partners reiterated a “buy” rating and issued a $17.00 target price on shares of Lionsgate Studios in a research report on Friday, August 7th. Benchmark lifted their target price on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. 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, May 22nd. Finally, Barrington Research upped their price target on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.57.

Lionsgate Studios Price Performance

NYSE:LION opened at $11.34 on Friday. The business has a 50 day moving average of $13.21 and a 200 day moving average of $12.01. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -27.00 and a beta of 0.73. Lionsgate Studios has a 1-year low of $5.88 and a 1-year high of $16.70.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.14. The firm had revenue of $776.60 million during the quarter, compared to analysts’ expectations of $703.10 million. As a group, sell-side analysts anticipate that Lionsgate Studios will post 0.04 EPS for the current year.

Institutional Trading of Lionsgate Studios

A number of institutional investors have recently made changes to their positions in the stock. Amundi bought a new position in shares of Lionsgate Studios in the second quarter worth approximately $169,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Lionsgate Studios during the 2nd quarter valued at $205,000. California State Teachers Retirement System grew its holdings in Lionsgate Studios by 1,390.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,709,414 shares of the company’s stock worth $56,791,000 after acquiring an additional 3,460,581 shares during the last quarter. AXQ Capital LP bought a new stake in Lionsgate Studios in the 2nd quarter worth $617,000. Finally, Nykredit A S purchased a new position in shares of Lionsgate Studios in the second quarter valued at about $49,000.

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.