Lionsgate Studios (NYSE:LION) Reaches New 12-Month High on Analyst Upgrade

Lionsgate Studios Corp. (NYSE:LION) shares reached a new 52-week high during mid-day trading on Wednesday after Robert W. Baird raised their price target on the stock from $18.00 to $20.00. Robert W. Baird currently has an outperform rating on the stock. Lionsgate Studios traded as high as $16.70 and last traded at $16.39, with a volume of 16368580 shares. The stock had previously closed at $14.37.

Several other equities research analysts also recently issued reports on the company. Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and raised their price target for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Benchmark boosted their price objective on 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 restated an “outperform” rating and set a $15.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Barrington Research raised their target price on Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley lifted their price target on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.37.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its position in Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after buying an additional 4,852 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Lionsgate Studios by 99.3% in the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after acquiring an additional 1,773 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of Lionsgate Studios in the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd acquired a new stake in Lionsgate Studios during the fourth quarter worth $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Lionsgate Studios in the 4th quarter valued at $55,000.

Lionsgate Studios Stock Performance

The business’s 50 day moving average price is $12.87 and its 200-day moving average price is $10.36. The company has a market cap of $4.50 billion, a price-to-earnings ratio of -21.50 and a beta of 0.69.

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.