Lionsgate Studios (NYSE:LION) Hits New 1-Year High – What’s Next?

Lionsgate Studios Corp. (NYSE:LION)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $9.25 and last traded at $9.00, with a volume of 8089088 shares changing hands. The stock had previously closed at $8.36.

Analyst Upgrades and Downgrades

Several analysts recently commented on LION shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating and set a $10.00 price target on shares of Lionsgate Studios in a research report on Thursday, December 18th. Wall Street Zen raised Lionsgate Studios from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Baird R W raised Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. Finally, Barrington Research restated an “outperform” rating and issued a $8.50 price target on shares of Lionsgate Studios in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.14.

Lionsgate Studios Stock Down 0.9%

The company has a market cap of $2.58 billion, a PE ratio of -13.28 and a beta of -0.27. The company’s fifty day moving average is $7.19 and its 200-day moving average is $6.64.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). Equities research analysts expect that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Lionsgate Studios

Several institutional investors have recently made changes to their positions in LION. Liberty 77 Capital L.P. bought a new stake in Lionsgate Studios during the second quarter valued at approximately $214,831,000. Anson Funds Management LP raised its stake in shares of Lionsgate Studios by 5.7% in the third quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock worth $48,394,000 after buying an additional 379,388 shares during the period. Jefferies Financial Group Inc. lifted its position in shares of Lionsgate Studios by 251.0% during the 2nd 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 grew its stake in shares of Lionsgate Studios by 658.6% during the 2nd 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 during the period. Finally, Millennium Management LLC grew its stake in shares of Lionsgate Studios by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after acquiring an additional 837,774 shares during the period.

Lionsgate Studios Company Profile

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.