Lionsgate Studios (NYSE:LION) Trading Up 8.4% – Still a Buy?

Lionsgate Studios Corp. (NYSE:LION)’s stock price was up 8.4% during trading on Tuesday . The stock traded as high as $15.80 and last traded at $15.58. Approximately 1,463,067 shares changed hands during trading, a decline of 52% from the average daily volume of 3,020,715 shares. The stock had previously closed at $14.37.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LION shares. Morgan Stanley boosted their price objective on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Citigroup cut shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $11.00 to $12.60 in a research note on Monday, April 20th. Robert W. Baird boosted their price target on shares of Lionsgate Studios from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. 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, Barrington Research boosted their price target on shares of Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Lionsgate Studios Stock Performance

The company’s 50-day moving average price is $12.51 and its 200 day moving average price is $10.19. The stock has a market capitalization of $4.82 billion, a PE ratio of -23.04 and a beta of 0.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Glenmede Trust Co. NA purchased a new position in Lionsgate Studios in the first quarter worth about $330,000. California State Teachers Retirement System grew its holdings in shares of Lionsgate Studios by 23.1% during the first quarter. California State Teachers Retirement System now owns 248,833 shares of the company’s stock valued at $2,386,000 after buying an additional 46,732 shares during the last quarter. Royal Bank of Canada increased its position in shares of Lionsgate Studios by 183.1% during the first quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock valued at $10,656,000 after acquiring an additional 718,527 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Lionsgate Studios by 79.9% in the 1st quarter. Quantinno Capital Management LP now owns 96,923 shares of the company’s stock worth $929,000 after acquiring an additional 43,059 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new position in Lionsgate Studios in the 1st quarter worth approximately $43,715,000.

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.