Lionsgate Studios Corp. (NYSE:LION) Receives $12.66 Consensus Target Price from Brokerages

Shares of Lionsgate Studios Corp. (NYSE:LION) have received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.5143.

Several research firms have recently commented on LION. Seaport Research Partners reaffirmed a “buy” rating and set a $16.00 target price on shares of Lionsgate Studios in a report on Friday, May 22nd. Wall Street Zen raised Lionsgate Studios from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Robert W. Baird increased their price objective on Lionsgate Studios from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, Benchmark increased their price objective on Lionsgate Studios from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, April 27th.

Lionsgate Studios Price Performance

LION opened at $13.36 on Friday. The stock has a market capitalization of $3.88 billion, a PE ratio of -18.56 and a beta of 0.69. The firm’s fifty day moving average price is $11.98 and its 200 day moving average price is $9.87. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $15.01.

Hedge Funds Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LION. Millennium Management LLC grew its holdings in Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock worth $14,877,000 after buying an additional 837,774 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Lionsgate Studios by 198.5% in the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock worth $3,099,000 after purchasing an additional 275,839 shares during the period. Jane Street Group LLC acquired a new stake in Lionsgate Studios in the first quarter worth approximately $825,000. Envestnet Asset Management Inc. acquired a new stake in Lionsgate Studios in the second quarter worth approximately $77,000. Finally, Creative Planning acquired a new stake in Lionsgate Studios in the second quarter worth approximately $117,000.

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.