Lionsgate Entertainment (NYSE:LION) Price Target Lowered to $9.00 at Rosenblatt Securities

Lionsgate Entertainment (NYSE:LION) had its target price cut by Rosenblatt Securities from $13.00 to $9.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

LION has been the subject of several other reports. Wall Street Zen raised Lionsgate Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. TD Cowen initiated coverage on Lionsgate Entertainment in a research note on Tuesday. They set a “hold” rating and a $8.00 target price on the stock. Loop Capital initiated coverage on Lionsgate Entertainment in a research note on Wednesday. They set a “hold” rating and a $8.00 target price on the stock. Raymond James initiated coverage on Lionsgate Entertainment in a research note on Tuesday, May 20th. They set an “outperform” rating and a $10.00 target price on the stock. Finally, Citigroup dropped their target price on Lionsgate Entertainment from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.86.

Lionsgate Entertainment Trading Down 4.9%

LION opened at $6.92 on Wednesday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -5.58, a PEG ratio of 13.47 and a beta of 1.07. Lionsgate Entertainment has a 12 month low of $6.45 and a 12 month high of $8.50. The stock has a fifty day moving average price of $7.69 and a 200-day moving average price of $8.34.

Lionsgate Entertainment (NYSE:LION) last released its quarterly earnings results on Thursday, May 22nd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.33). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.19 billion. Lionsgate Entertainment had a negative return on equity of 57.26% and a negative net margin of 7.34%. On average, equities research analysts forecast that Lionsgate Entertainment will post 0.08 EPS for the current year.

Institutional Trading of Lionsgate Entertainment

A number of hedge funds have recently modified their holdings of LION. EntryPoint Capital LLC boosted its stake in shares of 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 buying an additional 13,910 shares during the last quarter. Anson Funds Management LP boosted its stake in shares of Lionsgate Entertainment by 11.9% in the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock worth $26,433,000 after buying an additional 375,409 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Lionsgate Entertainment by 32.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after buying an additional 19,740 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Lionsgate Entertainment in the first quarter worth about $81,000. Finally, Alpine Global Management LLC boosted its stake in shares of Lionsgate Entertainment by 570.9% in the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock worth $1,656,000 after buying an additional 188,700 shares during the last quarter. Hedge funds and other institutional investors 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.