Lionsgate Studios Corp. (NYSE:LION) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Lionsgate Studios Corp. (NYSE:LION) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $9.1364.

LION has been the topic of several recent analyst reports. Robert W. Baird initiated coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They issued an “outperform” rating and a $8.00 price target on the stock. Zacks Research downgraded shares of Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Wall Street Zen raised shares of Lionsgate Studios from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Barrington Research reaffirmed an “outperform” rating and set a $8.50 price target on shares of Lionsgate Studios in a research note on Friday, November 7th. Finally, Benchmark increased their price objective on Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 24th.

Insider Buying and Selling at Lionsgate Studios

In other news, insider Michael Raymond Burns sold 21,748 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total transaction of $195,949.48. Following the transaction, the insider owned 3,061,213 shares of the company’s stock, valued at approximately $27,581,529.13. This represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LION. CIBC Private Wealth Group LLC bought a new stake in Lionsgate Studios during the third quarter valued at about $38,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Lionsgate Studios during the third quarter valued at about $151,000. Alpine Global Management LLC grew its position in shares of Lionsgate Studios by 21.3% in the 3rd quarter. Alpine Global Management LLC now owns 458,578 shares of the company’s stock worth $3,164,000 after buying an additional 80,525 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Lionsgate Studios in the 3rd quarter worth approximately $168,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Lionsgate Studios in the 3rd quarter worth approximately $1,381,000.

Lionsgate Studios Stock Performance

Shares of LION stock opened at $9.26 on Wednesday. The stock has a 50 day moving average price of $7.39 and a 200 day moving average price of $6.70. Lionsgate Studios has a 52-week low of $5.55 and a 52-week high of $9.46. The firm has a market capitalization of $2.68 billion, a P/E ratio of -13.82 and a beta of -0.27.

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

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.