Lionsgate Studios Corp. (NYSE:LION) Receives $15.57 Average Target Price from Brokerages

Lionsgate Studios Corp. (NYSE:LION) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.5750.

Several research analysts have commented on the stock. Benchmark lifted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. B. Riley Financial started coverage on shares of Lionsgate Studios in a research note on Wednesday, July 1st. They issued a “neutral” rating and a $17.00 price objective for the company. Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their target price for the company from $11.00 to $12.60 in a report on Monday, April 20th. Seaport Research Partners reiterated a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Finally, Wall Street Zen cut shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LION. Millennium Management LLC lifted its stake in shares of Lionsgate Studios by 72.6% in 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 last quarter. Goldman Sachs Group Inc. grew its position in Lionsgate Studios by 198.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock worth $3,099,000 after acquiring an additional 275,839 shares during the last quarter. Jane Street Group LLC bought a new position in Lionsgate Studios during the 1st quarter worth approximately $825,000. Envestnet Asset Management Inc. purchased a new position in Lionsgate Studios in the 2nd quarter worth approximately $77,000. Finally, Creative Planning purchased a new position in Lionsgate Studios in the 2nd quarter worth approximately $117,000.

Lionsgate Studios Price Performance

NYSE:LION opened at $13.56 on Friday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -18.83 and a beta of 0.64. The business has a 50 day moving average of $14.12 and a 200 day moving average of $11.37. Lionsgate Studios has a 1-year low of $5.65 and a 1-year high of $16.70.

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.