Lionsgate Studios Corp. (NYSE:LION) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $9.8636.

A number of research firms recently issued reports on LION. Barrington Research restated an “outperform” rating and set a $11.50 target price on shares of Lionsgate Studios in a research report on Friday, February 6th. Wells Fargo & Company boosted their target price 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. Wall Street Zen cut Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Morgan Stanley restated an “overweight” rating and issued a $11.00 price target on shares of Lionsgate Studios in a research note on Friday, February 6th. Finally, Zacks Research raised shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th.

Insider Buying and Selling

In other Lionsgate Studios news, insider Michael Raymond Burns sold 21,748 shares of the firm’s 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 transaction, the insider owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. This trade represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 32.10% of the company’s stock.

Institutional Trading of Lionsgate Studios

Several large investors have recently bought and sold shares of LION. Millennium Management LLC increased its holdings in shares of Lionsgate Studios by 72.6% in the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after purchasing an additional 837,774 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Lionsgate Studios by 198.5% in 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 purchased a new position in shares of Lionsgate Studios during the 1st quarter worth approximately $825,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Lionsgate Studios during the 2nd quarter worth approximately $114,000. Finally, CWM LLC acquired a new stake in shares of Lionsgate Studios in the second quarter valued at $44,000.

Lionsgate Studios Stock Up 3.5%

LION opened at $8.55 on Thursday. The firm’s 50-day moving average price is $8.96 and its 200-day moving average price is $7.44. The company has a market cap of $2.48 billion, a P/E ratio of -10.06 and a beta of -0.48. Lionsgate Studios has a 52-week low of $5.55 and a 52-week high of $10.09.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data 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 firm had revenue of $724.30 million for the quarter, compared to analysts’ expectations of $706.03 million. On average, research analysts anticipate that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

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.