Lionsgate Entertainment (NYSE:LION) Coverage Initiated by Analysts at Loop Capital

Loop Capital started coverage on shares of Lionsgate Entertainment (NYSE:LION) in a research report released on Wednesday, Marketbeat reports. The firm issued a hold rating and a $8.00 target price on the stock.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Lionsgate Entertainment from $8.50 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, May 27th. Wall Street Zen raised shares of Lionsgate Entertainment from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. Citigroup dropped their price objective on shares of Lionsgate Entertainment from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Raymond James started coverage on shares of Lionsgate Entertainment in a report on Tuesday, May 20th. They issued an “outperform” rating and a $10.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $8.00 to $9.00 in a report on Monday, March 31st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Lionsgate Entertainment presently has an average rating of “Moderate Buy” and an average price target of $8.86.

Lionsgate Entertainment Stock Performance

Shares of NYSE:LION opened at $6.92 on Wednesday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -5.58, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07. Lionsgate Entertainment has a 1-year low of $6.45 and a 1-year high of $8.50. The company’s fifty day moving average is $7.69 and its two-hundred day moving average is $8.34.

Lionsgate Entertainment (NYSE:LION) last issued its earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.19 billion. Lionsgate Entertainment had a negative return on equity of 57.26% and a negative net margin of 7.34%. Sell-side analysts expect that Lionsgate Entertainment will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Lionsgate Entertainment

Several large investors have recently bought and sold shares of LION. EntryPoint Capital LLC increased its stake in Lionsgate Entertainment by 60.9% during the 1st quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock valued at $275,000 after buying an additional 13,910 shares during the period. Anson Funds Management LP increased its stake in Lionsgate Entertainment by 11.9% during the 1st quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock valued at $26,433,000 after buying an additional 375,409 shares during the period. OMERS ADMINISTRATION Corp boosted its position in shares of Lionsgate Entertainment by 32.8% during 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 in the last quarter. Trexquant Investment LP bought a new position in shares of Lionsgate Entertainment during the 1st quarter valued at about $81,000. Finally, Alpine Global Management LLC boosted its position in shares of Lionsgate Entertainment by 570.9% during the 1st quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock valued at $1,656,000 after purchasing an additional 188,700 shares in the last quarter. Institutional investors and hedge funds own 34.05% of the company’s stock.

About Lionsgate Entertainment

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.