Lionsgate Studios (NYSE:LION) Cut to Hold at Zacks Research

Zacks Research cut shares of Lionsgate Studios (NYSE:LION) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

A number of other research firms also recently weighed in on LION. Barrington Research boosted their price target on shares of Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Benchmark raised their price objective on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Citigroup cut shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and raised their price objective for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Seaport Research Partners reaffirmed a “buy” rating and set a $16.00 target price on shares of Lionsgate Studios in a report on Friday, May 22nd. Finally, B. Riley Financial initiated coverage on shares of Lionsgate Studios in a research report on Wednesday, July 1st. They set a “neutral” rating and a $17.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lionsgate Studios presently has a consensus rating of “Hold” and an average target price of $15.57.

Lionsgate Studios Stock Down 0.5%

Shares of LION stock opened at $13.33 on Wednesday. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of -18.51 and a beta of 0.64. Lionsgate Studios has a 12 month low of $5.65 and a 12 month high of $16.70. The stock has a 50-day moving average price of $14.18 and a 200 day moving average price of $11.44.

Hedge Funds Weigh In On Lionsgate Studios

A number of hedge funds and other institutional investors have recently made changes to their positions in LION. GAMMA Investing LLC grew its holdings in shares of Lionsgate Studios by 99.3% in the 4th 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 period. Caitong International Asset Management Co. Ltd bought a new position in Lionsgate Studios during the fourth quarter worth about $44,000. Osaic Holdings Inc. lifted its holdings in Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after acquiring an additional 4,852 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Lionsgate Studios during the third quarter worth about $38,000. Finally, Farther Finance Advisors LLC grew its stake in Lionsgate Studios by 4,457.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after acquiring an additional 5,839 shares during the period.

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.