Lionsgate Studios (NYSE:LION) Hits New 52-Week High – Here’s What Happened

Lionsgate Studios Corp. (NYSE:LION) shares reached a new 52-week high during trading on Thursday . The company traded as high as $13.01 and last traded at $12.92, with a volume of 527791 shares trading hands. The stock had previously closed at $12.53.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LION shares. Benchmark raised their target price on Lionsgate Studios from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Robert W. Baird raised their target price on Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Barrington Research raised their target price on Lionsgate Studios from $11.50 to $14.50 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Tuesday, April 21st. Finally, Citigroup cut Lionsgate Studios from a “buy” rating to a “neutral” rating and raised their target price for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.91.

Lionsgate Studios Price Performance

The stock has a 50 day simple moving average of $10.82 and a 200-day simple moving average of $9.13. The firm has a market cap of $3.67 billion, a PE ratio of -14.89 and a beta of 0.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LION. Osaic Holdings Inc. raised its stake in Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after buying an additional 4,852 shares during the last quarter. GAMMA Investing LLC raised its stake in Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in Lionsgate Studios during the third quarter valued at $38,000. Caitong International Asset Management Co. Ltd purchased a new position in Lionsgate Studios during the fourth quarter valued at $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Lionsgate Studios during the fourth quarter valued at $55,000.

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.