Zacks Research Downgrades Lionsgate Studios (NYSE:LION) to Hold

Lionsgate Studios (NYSE:LION) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also recently weighed in on LION. Seaport Research Partners restated a “buy” rating and set a $16.00 target price on shares of Lionsgate Studios in a report on Friday, May 22nd. Robert W. Baird lifted their price target on Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Wall Street Zen downgraded Lionsgate Studios from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Barrington Research increased their price objective on Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.57.

Lionsgate Studios Trading Down 3.1%

Shares of NYSE:LION opened at $13.42 on Wednesday. The stock’s 50-day moving average price is $14.16 and its 200-day moving average price is $11.43. Lionsgate Studios has a 12-month low of $5.65 and a 12-month high of $16.70. The stock has a market capitalization of $3.90 billion, a P/E ratio of -18.64 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its holdings in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after buying an additional 4,852 shares during the period. GAMMA Investing LLC increased its stake 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 buying an additional 1,773 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of Lionsgate Studios during the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Lionsgate Studios during the fourth quarter valued at approximately $44,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Lionsgate Studios during the fourth quarter valued at approximately $55,000.

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.