Lionsgate Studios Corp. (NYSE:LION) Given Consensus Rating of “Moderate Buy” by Brokerages

Lionsgate Studios Corp. (NYSE:LION) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.1364.

LION has been the topic of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $10.00 price objective on shares of Lionsgate Studios in a report on Thursday, December 18th. Benchmark boosted their target price on shares of Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. Zacks Research lowered shares of Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Robert W. Baird assumed coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They set an “outperform” rating and a $8.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a report on Wednesday, October 8th.

Insider Buying and Selling

In other Lionsgate Studios news, insider Michael Raymond Burns sold 21,748 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total transaction of $195,949.48. Following the sale, the insider owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. The trade was a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. acquired a new position in Lionsgate Studios in the 2nd quarter worth approximately $25,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Lionsgate Studios in the 2nd quarter valued at $26,000. Osaic Holdings Inc. increased its stake in shares of Lionsgate Studios by 4,852.0% in 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 during the period. FNY Investment Advisers LLC purchased a new position in shares of Lionsgate Studios during the second quarter worth $31,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of Lionsgate Studios during the third quarter worth $38,000.

Lionsgate Studios Trading Down 1.8%

Shares of LION opened at $9.26 on Wednesday. The firm has a market cap of $2.68 billion, a PE ratio of -13.82 and a beta of -0.27. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $9.46. The stock has a fifty day moving average price of $7.39 and a 200-day moving average price of $6.70.

Lionsgate Studios (NYSE:LION) last announced its earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). As a group, research analysts forecast that Lionsgate Studios will post 0.08 EPS for the current 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.