Lionsgate Studios Corp. (NYSE:LION) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.5750.

Several equities research analysts have issued reports on LION shares. Barrington Research lifted their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a report on Sunday. Robert W. Baird increased their target price on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Benchmark lifted their price target on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research report on Friday, May 22nd.

Lionsgate Studios Stock Up 0.1%

LION stock opened at $11.18 on Monday. Lionsgate Studios has a twelve month low of $5.88 and a twelve month high of $16.70. The firm has a market capitalization of $3.33 billion, a PE ratio of -26.62 and a beta of 0.66. The stock has a 50-day simple moving average of $12.85 and a two-hundred day simple moving average of $12.09.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.14. The firm had revenue of $776.60 million during the quarter, compared to the consensus estimate of $703.10 million. On average, equities research analysts anticipate that Lionsgate Studios will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

Hedge funds have recently made changes to their positions in the business. Amundi purchased a new stake in shares of Lionsgate Studios in the 2nd quarter valued at $169,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Lionsgate Studios in the second quarter worth $205,000. California State Teachers Retirement System boosted its position in Lionsgate Studios by 1,390.7% during the second quarter. California State Teachers Retirement System now owns 3,709,414 shares of the company’s stock valued at $56,791,000 after buying an additional 3,460,581 shares during the period. AXQ Capital LP bought a new position in shares of Lionsgate Studios during the second quarter valued at about $617,000. Finally, Nykredit A S purchased a new position in shares of Lionsgate Studios in the second quarter worth about $49,000.

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.