Lionsgate Studios (NYSE:LION) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Lionsgate Studios (NYSE:LION) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently commented on LION. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Lionsgate Studios in a report on Tuesday, August 5th. They issued an “overweight” rating and a $9.00 price objective on the stock. Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a research report on Friday, September 5th. Robert W. Baird initiated coverage on shares of Lionsgate Studios in a report on Friday, September 5th. They issued an “outperform” rating and a $8.00 target price for the company. Finally, Wall Street Zen lowered Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $8.73.

Lionsgate Studios Stock Performance

Shares of Lionsgate Studios stock opened at $6.83 on Tuesday. The stock has a 50 day moving average of $6.60 and a 200 day moving average of $6.52. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -10.19 and a beta of -0.12. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $8.50.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Analysts forecast that Lionsgate Studios will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Lionsgate Studios

Several large investors have recently added to or reduced their stakes in LION. Liberty 77 Capital L.P. purchased a new position in Lionsgate Studios in the 2nd quarter valued at approximately $214,831,000. Jefferies Financial Group Inc. raised its stake in shares of Lionsgate Studios by 251.0% in the second quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company’s stock valued at $33,732,000 after acquiring an additional 4,151,822 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lionsgate Studios by 658.6% in the second quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company’s stock valued at $27,547,000 after acquiring an additional 4,115,334 shares in the last quarter. Marshall Wace LLP boosted its holdings in Lionsgate Studios by 3,352.1% in the second quarter. Marshall Wace LLP now owns 1,753,646 shares of the company’s stock valued at $10,189,000 after purchasing an additional 1,702,846 shares during the period. Finally, Ratan Capital Management LP acquired a new position in Lionsgate Studios during the 3rd quarter worth $9,142,000.

Lionsgate Studios 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.