Raymond James Initiates Coverage on Lionsgate Entertainment (NYSE:LION)

Investment analysts at Raymond James initiated coverage on shares of Lionsgate Entertainment (NYSE:LION) in a report issued on Tuesday, MarketBeat reports. The firm set an “outperform” rating and a $10.00 price target on the stock. Raymond James’ price target indicates a potential upside of 48.37% from the company’s current price.

A number of other analysts have also commented on the company. StockNews.com raised Lionsgate Entertainment from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. TD Cowen started coverage on Lionsgate Entertainment in a report on Monday, May 12th. They set a “hold” rating and a $8.00 price target for the company. Finally, JPMorgan Chase & Co. raised Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and increased their price target for the company from $8.00 to $9.00 in a research report on Monday, March 31st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Lionsgate Entertainment Trading Down 4.5%

Shares of LION stock opened at $6.74 on Tuesday. Lionsgate Entertainment has a 12 month low of $6.62 and a 12 month high of $8.50. The firm has a market capitalization of $1.95 billion, a PE ratio of -5.44, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07. The firm has a fifty day simple moving average of $8.14 and a two-hundred day simple moving average of $8.40.

Hedge Funds Weigh In On Lionsgate Entertainment

Hedge funds have recently modified their holdings of the company. Trexquant Investment LP bought a new position in shares of Lionsgate Entertainment in the first quarter valued at approximately $81,000. EntryPoint Capital LLC boosted its position in Lionsgate Entertainment by 60.9% in the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock worth $275,000 after purchasing an additional 13,910 shares during the last quarter. OMERS ADMINISTRATION Corp grew its stake in Lionsgate Entertainment by 32.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock valued at $598,000 after purchasing an additional 19,740 shares during the period. Nexpoint Asset Management L.P. grew its stake in Lionsgate Entertainment by 11.8% in the 1st quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company’s stock valued at $660,000 after purchasing an additional 9,300 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Lionsgate Entertainment during the 1st quarter valued at $825,000. Institutional investors own 34.05% of the company’s stock.

Lionsgate Entertainment Company Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.