Lionsgate Studios (NYSE:LION) Hits New 1-Year High on Analyst Upgrade

Lionsgate Studios Corp. (NYSE:LION) shares hit 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 changing hands. The stock had previously closed at $14.37.

Several other analysts have also weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Morgan Stanley raised their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Seaport Research Partners reaffirmed a “buy” rating and issued a $16.00 price target on shares of Lionsgate Studios in a research note on Friday, May 22nd. Barrington Research upped their price objective on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen cut shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.37.

Hedge Funds Weigh In On Lionsgate Studios

Several large investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA acquired a new position in Lionsgate Studios during the 1st quarter valued at about $330,000. California State Teachers Retirement System increased its holdings in Lionsgate Studios by 23.1% during the 1st quarter. California State Teachers Retirement System now owns 248,833 shares of the company’s stock worth $2,386,000 after purchasing an additional 46,732 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Lionsgate Studios by 183.1% in the first quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock worth $10,656,000 after purchasing an additional 718,527 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Lionsgate Studios by 79.9% in the first quarter. Quantinno Capital Management LP now owns 96,923 shares of the company’s stock worth $929,000 after purchasing an additional 43,059 shares during the last quarter. Finally, Cooper Creek Partners Management LLC bought a new position in shares of Lionsgate Studios in the first quarter valued at approximately $43,715,000.

Lionsgate Studios Price Performance

The company has a market cap of $4.50 billion, a P/E ratio of -21.50 and a beta of 0.69. The stock has a fifty day moving average price of $12.87 and a two-hundred day moving average price of $10.36.

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.