Lionsgate Studios Corp. (NYSE:LION) Receives $15.37 Consensus Price Target from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.3714.

Several research analysts have commented on LION shares. Morgan Stanley raised their price objective on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Benchmark raised their price objective on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. B. Riley Financial started coverage on Lionsgate Studios in a report on Wednesday. They set a “neutral” rating on the stock. Finally, Wall Street Zen downgraded Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Saturday, June 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Lionsgate Studios by 99.3% in the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after acquiring an additional 1,773 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lionsgate Studios in the 4th quarter valued at $44,000. Osaic Holdings Inc. increased its holdings in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Lionsgate Studios in the 3rd quarter valued at $38,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Lionsgate Studios by 4,457.3% in the 4th quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after acquiring an additional 5,839 shares during the period.

Lionsgate Studios Stock Down 1.9%

LION opened at $15.33 on Wednesday. The stock’s fifty day moving average is $13.59 and its two-hundred day moving average is $10.82. The company has a market capitalization of $4.46 billion, a P/E ratio of -21.29 and a beta of 0.69. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $16.70.

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.