Lionsgate Studios Corp. (NYSE:LION) Receives $8.73 Consensus Target Price from Brokerages

Shares of Lionsgate Studios Corp. (NYSE:LION) have received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.7273.

LION has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on Lionsgate Studios in a research note on Tuesday, August 5th. They issued an “overweight” rating and a $9.00 target price for the company. Robert W. Baird began coverage on Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 price objective for the company. Baird R W raised Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. Wolfe Research began coverage on shares of Lionsgate Studios in a report on Tuesday, July 29th. They issued a “peer perform” rating on the stock. Finally, Wall Street Zen lowered shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th.

Lionsgate Studios Stock Performance

Shares of NYSE LION opened at $6.67 on Tuesday. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $8.50. The company has a market cap of $1.93 billion, a PE ratio of -9.96 and a beta of -0.12. The business has a 50-day simple moving average of $6.60 and a two-hundred day simple moving average of $6.58.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). On average, sell-side analysts predict that Lionsgate Studios will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC boosted its holdings in Lionsgate Studios by 60.9% in the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock valued at $275,000 after purchasing an additional 13,910 shares during the last quarter. Anson Funds Management LP boosted its stake in shares of Lionsgate Studios 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 grew its holdings in Lionsgate Studios by 32.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after acquiring an additional 19,740 shares during the period. Trexquant Investment LP acquired a new stake in Lionsgate Studios during the first quarter worth about $81,000. Finally, Alpine Global Management LLC boosted its position in Lionsgate Studios by 570.9% in the 1st quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock worth $1,656,000 after purchasing an additional 188,700 shares in the last quarter.

About Lionsgate Studios

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.