Brokerages Set Lionsgate Studios Corp. (NYSE:LION) PT at $9.86

Shares of Lionsgate Studios Corp. (NYSE:LION) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $9.8636.

Several equities research analysts recently weighed in on LION shares. Morgan Stanley reiterated an “overweight” rating and set a $11.00 price objective on shares of Lionsgate Studios in a research note on Friday, February 6th. Wall Street Zen downgraded Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Wells Fargo & Company upped their target price on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Benchmark increased their price target on Lionsgate Studios from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Barrington Research reissued an “outperform” rating and issued a $11.50 price target on shares of Lionsgate Studios in a report on Friday, February 6th.

Lionsgate Studios Price Performance

Lionsgate Studios stock opened at $9.52 on Monday. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $11.02. The company has a fifty day moving average price of $9.20 and a two-hundred day moving average price of $7.88. The company has a market cap of $2.76 billion, a PE ratio of -11.20 and a beta of -0.39.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $724.30 million for the quarter, compared to the consensus estimate of $706.03 million. Equities research analysts anticipate that Lionsgate Studios will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other Lionsgate Studios 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 value of $195,949.48. Following the sale, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing 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

Several institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its position in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after purchasing an additional 4,852 shares during the last quarter. GAMMA Investing LLC boosted its stake in Lionsgate Studios by 99.3% during the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares during the period. KBC Group NV bought a new position in Lionsgate Studios in the 2nd quarter worth about $37,000. CIBC Private Wealth Group LLC bought a new position in Lionsgate Studios in the 3rd quarter worth about $38,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Lionsgate Studios in the fourth quarter valued at approximately $44,000.

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.