Lionsgate Studios (NYSE:LION) Raised to “Hold” at Wall Street Zen

Lionsgate Studios (NYSE:LION) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other analysts have also issued reports on LION. Zacks Research lowered Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Benchmark boosted their target price on Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Robert W. Baird started coverage on Lionsgate Studios in a report on Friday, September 5th. They set an “outperform” rating and a $8.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. Finally, Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.14.

Lionsgate Studios Trading Down 2.6%

NYSE:LION opened at $8.31 on Friday. The stock has a market capitalization of $2.41 billion, a PE ratio of -12.40 and a beta of -0.27. Lionsgate Studios has a 1-year low of $5.55 and a 1-year high of $8.75. The firm has a fifty day simple moving average of $6.98 and a 200 day simple moving average of $6.58.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). On average, equities analysts predict that Lionsgate Studios will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

A number of institutional investors have recently modified their holdings of LION. EntryPoint Capital LLC increased its position in Lionsgate Studios by 60.9% during the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock worth $275,000 after acquiring an additional 13,910 shares during the period. Anson Funds Management LP grew its position in shares of Lionsgate Studios by 11.9% during the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock worth $26,433,000 after purchasing an additional 375,409 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of Lionsgate Studios by 32.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after purchasing an additional 19,740 shares during the period. Trexquant Investment LP acquired a new stake in shares of Lionsgate Studios in the first quarter valued at approximately $81,000. Finally, Alpine Global Management LLC raised its position in shares of Lionsgate Studios by 570.9% in the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock valued at $1,656,000 after buying an additional 188,700 shares in the last quarter.

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.