Lionsgate Studios Corp. (NYSE:LION) Receives $9.14 Average PT from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.1364.

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research lowered shares of Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Benchmark boosted their target price on shares of Lionsgate Studios from $8.50 to $11.00 and gave the company a “buy” rating in a report on Monday, November 24th. Robert W. Baird began coverage on Lionsgate Studios in a report on Friday, September 5th. They issued an “outperform” rating and a $8.00 price target for the company. Finally, Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a research report on Friday, September 5th.

Lionsgate Studios Stock Up 1.8%

Lionsgate Studios stock opened at $9.29 on Wednesday. The company has a market capitalization of $2.69 billion, a P/E ratio of -13.87 and a beta of -0.48. The firm has a 50 day moving average price of $7.56 and a 200-day moving average price of $6.76. Lionsgate Studios has a twelve month low of $5.55 and a twelve month high of $9.48.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Equities analysts expect that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Raymond Burns sold 21,748 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total transaction of $195,949.48. Following the sale, the insider directly owned 3,061,213 shares in the company, valued at $27,581,529.13. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 9.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Lionsgate Studios

Several hedge funds have recently bought and sold shares of LION. Liberty 77 Capital L.P. purchased a new stake in Lionsgate Studios in the 2nd quarter worth approximately $214,831,000. Anson Funds Management LP increased its holdings in shares of Lionsgate Studios by 5.7% in the third quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock worth $48,394,000 after purchasing an additional 379,388 shares during the period. Jefferies Financial Group Inc. increased its holdings in shares of Lionsgate Studios by 251.0% in the second quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock worth $33,732,000 after purchasing an additional 4,151,822 shares during the period. Geode Capital Management LLC raised its position in shares of Lionsgate Studios by 658.6% in the second quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company’s stock worth $27,547,000 after buying an additional 4,115,334 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after buying an additional 837,774 shares during the period.

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.