Lionsgate Studios (NYSE:LION) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Lionsgate Studios (NYSE:LION) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other equities analysts have also commented on LION. Barrington Research lifted their price objective on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a report on Friday, May 22nd. Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $11.00 to $12.60 in a research report on Monday, April 20th. B. Riley Financial started coverage on Lionsgate Studios in a report on Wednesday, July 1st. They set a “neutral” rating and a $17.00 price target for the company. Finally, Robert W. Baird increased their price objective on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.57.

Lionsgate Studios Trading Down 3.1%

NYSE:LION opened at $13.42 on Wednesday. Lionsgate Studios has a 1 year low of $5.65 and a 1 year high of $16.70. The firm’s fifty day simple moving average is $14.16 and its 200 day simple moving average is $11.43. The firm has a market capitalization of $3.90 billion, a PE ratio of -18.64 and a beta of 0.64.

Institutional Investors Weigh In On Lionsgate Studios

Institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its stake in shares of Lionsgate Studios by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 53,587 shares of the company’s stock valued at $489,000 after purchasing an additional 1,200 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Lionsgate Studios by 2.9% during the 3rd quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock worth $420,000 after purchasing an additional 1,743 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 1,773 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Lionsgate Studios by 10.0% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,925 shares of the company’s stock valued at $191,000 after purchasing an additional 1,900 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Lionsgate Studios by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock valued at $342,000 after buying an additional 2,410 shares in the last quarter.

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.