Lionsgate Studios (NYSE:LION) Upgraded by B. Riley Financial to Hold Rating

B. Riley Financial upgraded shares of Lionsgate Studios (NYSE:LION) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research firms have also recently weighed in on LION. Citigroup cut Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $11.00 to $12.60 in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Seaport Research Partners reiterated a “buy” rating and issued a $16.00 price target on shares of Lionsgate Studios in a research note on Friday, May 22nd. Raymond James Financial restated an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lionsgate Studios presently has a consensus rating of “Hold” and an average target price of $15.57.

Lionsgate Studios Price Performance

LION stock opened at $15.00 on Tuesday. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $16.70. The stock has a market capitalization of $4.36 billion, a P/E ratio of -20.83 and a beta of 0.64. The business has a 50-day moving average of $13.64 and a 200-day moving average of $10.87.

Institutional Trading of Lionsgate Studios

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA purchased a new position in shares of Lionsgate Studios during the first quarter worth approximately $330,000. California State Teachers Retirement System boosted its stake in shares of Lionsgate Studios by 23.1% in the 1st quarter. California State Teachers Retirement System now owns 248,833 shares of the company’s stock valued at $2,386,000 after purchasing an additional 46,732 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Lionsgate Studios by 183.1% in the 1st quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock valued at $10,656,000 after purchasing an additional 718,527 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Lionsgate Studios by 79.9% during the 1st quarter. Quantinno Capital Management LP now owns 96,923 shares of the company’s stock valued at $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 during the 1st quarter valued at $43,715,000.

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.