Lionsgate Studios (NYSE:LION) Shares Climb 17.1% – What’s Next?

Lionsgate Studios Corp. (NYSE:LION) traded up 17.1% on Tuesday. The stock traded as high as $12.88 and last traded at $12.44. 4,357,641 shares were traded during mid-day trading, an increase of 47% from the average session volume of 2,971,464 shares. The stock had previously closed at $10.62.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LION. Zacks Research lowered Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Seaport Research Partners restated a “buy” rating and set a $17.00 price objective on shares of Lionsgate Studios in a report on Friday, August 7th. Morgan Stanley restated an “overweight” rating and set a $15.00 price objective on shares of Lionsgate Studios in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday. Finally, Citigroup started coverage on shares of Lionsgate Studios in a report on Monday, September 14th. They issued a “market outperform” rating on the stock. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.16.

Lionsgate Studios Price Performance

The stock’s 50-day moving average price is $11.29 and its 200 day moving average price is $12.49. The firm has a market cap of $3.60 billion, a P/E ratio of -28.79 and a beta of 0.67.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. As a group, analysts forecast that Lionsgate Studios Corp. will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. increased its position in Lionsgate Studios by 72.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 41,993 shares of the company’s stock valued at $472,000 after acquiring an additional 17,582 shares during the period. State of Alaska Department of Revenue grew its stake in Lionsgate Studios by 39.3% in the third quarter. State of Alaska Department of Revenue now owns 13,335 shares of the company’s stock valued at $149,000 after acquiring an additional 3,765 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Lionsgate Studios in the 2nd quarter worth about $118,000. Baird Financial Group Inc. bought a new stake in Lionsgate Studios during the second quarter worth $250,000. Finally, Nykredit A S bought a new stake in Lionsgate Studios in the 2nd quarter worth about $49,000.

About Lionsgate Studios

Lionsgate Studios (NYSE:LION) is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.

The company’s film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.