Lionsgate Studios (NYSE:LION) Reaches New 12-Month High – What’s Next?

Lionsgate Studios Corp. (NYSE:LION) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.68 and last traded at $9.36, with a volume of 3772155 shares traded. The stock had previously closed at $9.57.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LION. Benchmark upped their target price on shares of Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Barrington Research restated an “outperform” rating and issued a $8.50 price objective on shares of Lionsgate Studios in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. Wall Street Zen upgraded Lionsgate Studios from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Morgan Stanley reissued an “overweight” rating and set a $10.00 target price on shares of Lionsgate Studios in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.14.

Lionsgate Studios Stock Performance

The firm’s fifty day simple moving average is $8.21 and its 200 day simple moving average is $7.06. The firm has a market cap of $2.71 billion, a P/E ratio of -13.97 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). On average, equities research analysts predict that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.

Insider Transactions at Lionsgate Studios

In other news, insider Michael Raymond Burns sold 21,748 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $27,581,529.13. This represents a 0.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lionsgate Studios

Large investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new stake in Lionsgate Studios during the fourth quarter valued at $55,000. Harbor Capital Advisors Inc. raised its position in shares of Lionsgate Studios by 10.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 438,485 shares of the company’s stock valued at $4,003,000 after buying an additional 40,062 shares in the last quarter. Herbst Group LLC purchased a new stake in shares of Lionsgate Studios during the 4th quarter valued at about $1,649,000. Norden Group LLC bought a new position in shares of Lionsgate Studios in the 4th quarter valued at about $151,000. Finally, Uhlmann Price Securities LLC grew its position in Lionsgate Studios by 10.5% in the fourth quarter. Uhlmann Price Securities LLC now owns 54,586 shares of the company’s stock worth $498,000 after acquiring an additional 5,175 shares in the last quarter.

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.