Lionsgate Studios (NYSE:LION) Given New $11.00 Price Target at Citigroup

Lionsgate Studios (NYSE:LION) had its price target hoisted by Citigroup from $9.00 to $11.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on LION. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Thursday, January 22nd. Barrington Research reiterated an “outperform” rating and issued a $11.50 target price on shares of Lionsgate Studios in a research note on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating and set a $11.00 price target on shares of Lionsgate Studios in a report on Friday, February 6th. Wall Street Zen downgraded Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Benchmark raised their price objective on Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.95.

Lionsgate Studios Trading Up 4.8%

NYSE:LION opened at $9.66 on Monday. The stock has a market capitalization of $2.80 billion, a PE ratio of -11.36 and a beta of -0.38. Lionsgate Studios has a 1-year low of $5.55 and a 1-year high of $11.02. The firm has a fifty day simple moving average of $9.23 and a 200 day simple moving average of $7.96.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $724.30 million for the quarter, compared to analysts’ expectations of $706.03 million. On average, equities analysts predict that Lionsgate Studios will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lionsgate Studios

A number of hedge funds have recently modified their holdings of LION. Millennium Management LLC boosted its holdings 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 worth $14,877,000 after buying an additional 837,774 shares during the period. Goldman Sachs Group Inc. raised its holdings in Lionsgate Studios by 198.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after acquiring an additional 275,839 shares during the period. Jane Street Group LLC bought a new position in Lionsgate Studios in the 1st quarter valued at about $825,000. Envestnet Asset Management Inc. acquired a new stake in Lionsgate Studios during the second quarter worth approximately $77,000. Finally, ProShare Advisors LLC acquired a new stake in Lionsgate Studios during the second quarter worth approximately $229,000.

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.