Lionsgate Studios (NYSE:LION) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Lionsgate Studios (NYSE:LION) from a hold rating to a sell rating in a report released on Saturday morning.

A number of other analysts also recently weighed in on LION. Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $11.00 price objective on shares of Lionsgate Studios in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday, January 22nd. Benchmark boosted their target price on shares of Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company increased their price target on shares of Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $9.86.

Lionsgate Studios Stock Up 1.6%

Shares of NYSE:LION opened at $8.10 on Friday. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $10.09. The company’s 50 day moving average price is $8.94 and its two-hundred day moving average price is $7.42. The firm has a market cap of $2.35 billion, a PE ratio of -9.53 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $724.30 million during the quarter, compared to analyst estimates of $706.03 million. On average, research analysts expect that Lionsgate Studios will post 0.08 EPS for the current year.

Insider Transactions at Lionsgate Studios

In related news, insider Michael Raymond Burns sold 21,748 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the transaction, the insider owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LION. GAMMA Investing LLC lifted its holdings in Lionsgate Studios by 99.3% during the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after buying an additional 1,773 shares during the period. Bessemer Group Inc. acquired a new position in shares of Lionsgate Studios in the second quarter worth approximately $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Lionsgate Studios in the second quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Lionsgate Studios in the fourth quarter valued at approximately $44,000. Finally, Osaic Holdings Inc. increased its position in Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after purchasing an additional 4,852 shares during the period.

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.