B. Riley Financial Upgrades Lionsgate Studios (NYSE:LION) to Hold

Lionsgate Studios (NYSE:LION) was upgraded by research analysts at B. Riley Financial to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on LION. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Wall Street Zen lowered Lionsgate Studios from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their target price for the company from $11.00 to $12.60 in a report on Monday, April 20th. Finally, Benchmark boosted their target price on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lionsgate Studios presently has an average rating of “Hold” and a consensus price target of $15.57.

Lionsgate Studios Stock Performance

NYSE LION opened at $15.00 on Tuesday. The stock has a 50-day simple moving average of $13.64 and a two-hundred day simple moving average of $10.87. The firm has a market capitalization of $4.36 billion, a P/E ratio of -20.83 and a beta of 0.64. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $16.70.

Hedge Funds Weigh In On Lionsgate Studios

A number of large investors have recently bought and sold shares of the business. Compass Rose Asset Management LP acquired a new stake in Lionsgate Studios in the 3rd quarter valued at $3,450,000. WINTON GROUP Ltd raised its position in Lionsgate Studios by 143.2% during the third quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock worth $1,519,000 after acquiring an additional 129,611 shares during the period. Anson Funds Management LP raised its position in Lionsgate Studios by 5.7% during the third quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock worth $48,394,000 after acquiring an additional 379,388 shares during the period. Herbst Group LLC purchased a new position in Lionsgate Studios during the fourth quarter valued at $1,649,000. Finally, Union Square Park Capital Management LLC grew its position in shares of Lionsgate Studios by 39.6% in the fourth quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company’s stock valued at $2,739,000 after purchasing an additional 85,100 shares during the period.

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.