Lionsgate Studios (NYSE:LION) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Lionsgate Studios (NYSE:LION) from a buy rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also weighed in on LION. Citigroup initiated coverage on shares of Lionsgate Studios in a report on Monday, September 14th. They set a “market outperform” rating on the stock. Robert W. Baird raised their target price on Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Seaport Research Partners reiterated a “buy” rating and set a $17.00 price target on shares of Lionsgate Studios in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. started coverage on Lionsgate Studios in a report on Friday, September 25th. They issued an “underweight” rating and a $9.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.16.

Lionsgate Studios Stock Down 1.4%

LION stock opened at $11.12 on Friday. The stock has a market capitalization of $3.31 billion, a PE ratio of -26.48 and a beta of 0.67. Lionsgate Studios has a 52 week low of $5.88 and a 52 week high of $16.70. The firm has a 50 day moving average of $11.53 and a 200 day moving average of $12.41.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The company had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. On average, equities research analysts expect that Lionsgate Studios will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Nykredit A S acquired a new stake in Lionsgate Studios in the 2nd quarter valued at $49,000. Lido Advisors LLC acquired a new position in Lionsgate Studios during the first quarter worth $112,000. Praxis Investment Management Inc. acquired a new position in Lionsgate Studios during the first quarter worth $117,000. Integrated Wealth Concepts LLC purchased a new position in Lionsgate Studios during the second quarter valued at $118,000. Finally, State of Wyoming purchased a new position in Lionsgate Studios during the first quarter valued at $145,000.

About Lionsgate Studios

Lionsgate Studios Corp. (NYSE: LION) is a global entertainment company focused on developing, producing and distributing motion pictures and television programming. Its operations include the Lionsgate Motion Picture Group, Lionsgate Television and related entertainment businesses that create content for theaters, broadcast networks, cable channels and streaming platforms.

The company’s portfolio includes feature films, scripted and unscripted television series, and a broad library of licensed and owned content.