Lionsgate Studios (NYSE:LION) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Benchmark boosted their target price on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Morgan Stanley reiterated an “overweight” rating and issued a $15.00 price target on shares of Lionsgate Studios in a research note on Thursday, August 6th. Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. B. Riley Financial dropped their price target on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Finally, Robert W. Baird upped their price objective on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.84.

Lionsgate Studios Stock Up 8.4%

Shares of Lionsgate Studios stock opened at $11.64 on Friday. The company has a market cap of $3.46 billion, a P/E ratio of -27.71 and a beta of 0.66. The firm’s 50 day moving average price is $12.18 and its 200-day moving average price is $12.29. Lionsgate Studios has a 52-week low of $5.88 and a 52-week high of $16.70.

Lionsgate Studios (NYSE:LION) last posted its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $776.60 million for the quarter, compared to analysts’ expectations of $703.10 million. As a group, equities research analysts forecast that Lionsgate Studios will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Lionsgate Studios

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted 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 buying an additional 718,527 shares during the last quarter. BlackRock Inc. purchased a new position in Lionsgate Studios during the second quarter valued at approximately $251,521,000. Union Square Park Capital Management LLC raised its position in Lionsgate Studios by 39.6% during the fourth quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company’s stock valued at $2,739,000 after acquiring an additional 85,100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Lionsgate Studios by 20.3% in the first quarter. Bank of New York Mellon Corp now owns 1,033,744 shares of the company’s stock valued at $9,914,000 after acquiring an additional 174,433 shares during the period. Finally, Coastal Bridge Advisors LLC acquired a new position in Lionsgate Studios in the second quarter valued at approximately $83,144,000.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. (NYSE:LION) is an entertainment company focused on the development, production and distribution of motion pictures and television programming. Its studio operations include theatrical films, television series, home entertainment and digital distribution, as well as the licensing and monetization of a broad content library.

The company owns or distributes well-known film franchises such as The Hunger Games, John Wick, Saw, Twilight and Now You See Me.