Lionsgate Studios (NYSE:LION) Hits New 12-Month High – Here’s What Happened

Lionsgate Studios Corp. (NYSE:LION)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.03 and last traded at $13.01, with a volume of 3642642 shares traded. The stock had previously closed at $12.60.

Wall Street Analysts Forecast Growth

LION has been the subject of several research reports. Wall Street Zen cut Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Wells Fargo & Company increased their target price on shares of Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Robert W. Baird increased their target price on shares of Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Morgan Stanley increased their target price on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Benchmark increased their target price on shares of Lionsgate Studios from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.12.

Lionsgate Studios Trading Up 2.3%

The company has a fifty day simple moving average of $10.95 and a 200-day simple moving average of $9.28. The company has a market capitalization of $3.74 billion, a PE ratio of -15.16 and a beta of 0.56.

Institutional Trading of Lionsgate Studios

Several hedge funds have recently made changes to their positions in LION. Y Intercept Hong Kong Ltd increased its position in shares of Lionsgate Studios by 201.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 225,210 shares of the company’s stock valued at $1,554,000 after acquiring an additional 150,472 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Lionsgate Studios during the third quarter valued at about $1,357,000. Compass Rose Asset Management LP acquired a new stake in shares of Lionsgate Studios during the third quarter valued at about $3,450,000. WINTON GROUP Ltd grew its stake in shares of Lionsgate Studios by 143.2% in the third quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock valued at $1,519,000 after buying an additional 129,611 shares in the last quarter. Finally, Anson Funds Management LP grew its stake in shares of Lionsgate Studios by 5.7% in the third quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock valued at $48,394,000 after buying an additional 379,388 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.