Lionsgate Studios (NYSE:LION) Reaches New 1-Year High – Should You Buy?

Lionsgate Studios Corp. (NYSE:LION)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $15.01 and last traded at $14.94, with a volume of 4960533 shares trading hands. The stock had previously closed at $14.95.

Analyst Upgrades and Downgrades

LION has been the topic of a number of analyst reports. Robert W. Baird upped their price target on Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 price target on shares of Lionsgate Studios in a research report on Friday. Citigroup cut Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their price target for the company from $11.00 to $12.60 in a research report on Monday, April 20th. Seaport Research Partners reiterated a “buy” rating and issued a $16.00 price target on shares of Lionsgate Studios in a research report on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lionsgate Studios currently has a consensus rating of “Hold” and a consensus target price of $12.66.

Lionsgate Studios Stock Down 0.1%

The firm has a fifty day moving average of $11.31 and a 200-day moving average of $9.50. The firm has a market cap of $4.34 billion, a P/E ratio of -20.75 and a beta of 0.56.

Hedge Funds Weigh In On Lionsgate Studios

Hedge funds have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd lifted its stake in Lionsgate Studios by 201.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 225,210 shares of the company’s stock valued at $1,554,000 after buying an additional 150,472 shares during the period. Compass Rose Asset Management LP acquired a new stake in shares of Lionsgate Studios during the third quarter worth about $3,450,000. WINTON GROUP Ltd raised its position in shares of Lionsgate Studios by 143.2% during the third quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock worth $1,519,000 after purchasing an additional 129,611 shares during the period. Anson Funds Management LP raised its position in shares of Lionsgate Studios by 5.7% during 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. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Lionsgate Studios during the third quarter worth about $724,000.

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.