Lionsgate Studios (NYSE:LION) Upgraded by Wall Street Zen to “Hold” Rating

Lionsgate Studios (NYSE:LION) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts also recently commented on LION. Baird R W raised shares of Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. Robert W. Baird started coverage on Lionsgate Studios in a research report on Friday, September 5th. They issued an “outperform” rating and a $8.00 price target for the company. Zacks Research downgraded Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $10.00 price target on shares of Lionsgate Studios in a research report on Thursday. 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.14.

Lionsgate Studios Stock Performance

Shares of Lionsgate Studios stock opened at $8.31 on Friday. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -12.40 and a beta of -0.27. The stock has a 50 day moving average price of $6.98 and a 200-day moving average price of $6.59. Lionsgate Studios has a one year low of $5.55 and a one year high of $8.75.

Lionsgate Studios (NYSE:LION) last released its earnings results 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). Sell-side analysts predict that Lionsgate Studios will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LION. Liberty 77 Capital L.P. purchased a new position in shares of Lionsgate Studios during the 2nd quarter valued at approximately $214,831,000. Anson Funds Management LP grew its position in Lionsgate Studios by 5.7% during the third quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock valued at $48,394,000 after buying an additional 379,388 shares during the period. Jefferies Financial Group Inc. increased its holdings in 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 buying an additional 4,151,822 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 buying an additional 4,115,334 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Lionsgate Studios by 72.6% in the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock worth $14,877,000 after acquiring an additional 837,774 shares during the period.

About Lionsgate Studios

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.