Lionsgate Studios (NYSE:LION) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Lionsgate Studios (NYSE:LION) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms also recently commented on LION. Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their target price for the company from $11.00 to $12.60 in a report on Monday, April 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Seaport Research Partners reissued a “buy” rating and issued a $16.00 price target on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, B. Riley Financial began coverage on shares of Lionsgate Studios in a research report on Wednesday, July 1st. They set a “neutral” rating and a $17.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lionsgate Studios currently has a consensus rating of “Moderate Buy” and an average target price of $15.57.

Lionsgate Studios Stock Down 3.0%

NYSE LION opened at $13.52 on Tuesday. The stock’s 50-day simple moving average is $13.91 and its two-hundred day simple moving average is $11.07. Lionsgate Studios has a twelve month low of $5.55 and a twelve month high of $16.70. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of -18.78 and a beta of 0.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after acquiring an additional 4,852 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after acquiring an additional 1,773 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Lionsgate Studios in the 3rd quarter worth about $38,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lionsgate Studios in the 4th quarter worth about $44,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Lionsgate Studios in the 4th quarter worth about $55,000.

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.