Lionsgate Studios (NYSE:LION) Cut to Sell at Wall Street Zen

Lionsgate Studios (NYSE:LION) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

LION has been the subject of a number of other reports. Barrington Research restated an “outperform” rating and set a $11.50 price target on shares of Lionsgate Studios in a research report on Friday, February 6th. Wells Fargo & Company lifted their price objective on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Benchmark raised their price target on Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.86.

Lionsgate Studios Stock Up 1.6%

LION stock opened at $8.10 on Friday. The stock has a 50-day simple moving average of $8.92 and a two-hundred day simple moving average of $7.39. Lionsgate Studios has a twelve month low of $5.55 and a twelve month high of $10.09. The firm has a market capitalization of $2.35 billion, a PE ratio of -9.53 and a beta of -0.48.

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

Insiders Place Their Bets

In related news, insider Michael Raymond Burns sold 21,748 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider 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 filing with the SEC, which is available through the SEC website. 32.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Lionsgate Studios

A number of hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund grew its holdings in shares of Lionsgate Studios by 2.3% during the 4th quarter. New York State Common Retirement Fund now owns 53,587 shares of the company’s stock valued at $489,000 after purchasing an additional 1,200 shares during the last quarter. Cresset Asset Management LLC boosted its position in Lionsgate Studios by 2.9% during the third quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock valued at $420,000 after buying an additional 1,743 shares during the period. GAMMA Investing LLC grew its stake in shares of Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Lionsgate Studios by 10.0% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,925 shares of the company’s stock worth $191,000 after buying an additional 1,900 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Lionsgate Studios by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock valued at $342,000 after acquiring an additional 2,410 shares during the last quarter.

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.