Lionsgate Studios (NYSE:LION) Reaches New 52-Week High – Time to Buy?

Shares of Lionsgate Studios Corp. (NYSE:LION) reached a new 52-week high on Friday . The stock traded as high as $10.29 and last traded at $10.28, with a volume of 934885 shares traded. The stock had previously closed at $9.99.

Wall Street Analyst Weigh In

LION has been the topic of several research reports. Morgan Stanley restated an “overweight” rating and issued a $11.00 target price on shares of Lionsgate Studios in a research note on Friday, February 6th. Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Benchmark boosted their price objective on shares of Lionsgate Studios from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Wells Fargo & Company lifted their price target on shares of Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.86.

Lionsgate Studios Stock Performance

The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -12.60 and a beta of -0.39. The company has a 50-day simple moving average of $9.06 and a two-hundred day simple moving average of $7.68.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $724.30 million during the quarter, compared to the consensus estimate of $706.03 million. As a group, sell-side analysts predict that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Lionsgate Studios

In other news, insider Michael Raymond Burns sold 21,748 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total transaction of $195,949.48. Following the transaction, the insider directly owned 3,061,213 shares in the company, valued at $27,581,529.13. The trade was a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lionsgate Studios

Hedge funds and other institutional investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd boosted its stake in shares of Lionsgate Studios by 201.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 225,210 shares of the company’s stock worth $1,554,000 after acquiring an additional 150,472 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Lionsgate Studios during the 3rd quarter valued at $1,357,000. Harbor Capital Advisors Inc. bought a new position in Lionsgate Studios during the third quarter worth $2,749,000. Liberty 77 Capital L.P. bought a new position in Lionsgate Studios during the second quarter worth $214,831,000. Finally, Swiss National Bank bought a new position in shares of Lionsgate Studios in the second quarter valued at about $2,377,000.

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.