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

Shares of Lionsgate Studios Corp. (NYSE:LION) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.1364.

LION has been the topic of a number of recent research reports. Wall Street Zen raised Lionsgate Studios from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday. Barrington Research reiterated an “outperform” rating and set a $8.50 price objective on shares of Lionsgate Studios in a research note on Friday, November 7th. Benchmark increased their target price on shares of Lionsgate Studios from $8.50 to $11.00 and gave the company a “buy” rating in a research report on Monday, November 24th. Finally, Morgan Stanley restated an “overweight” rating and issued a $10.00 target price on shares of Lionsgate Studios in a research note on Thursday, December 18th.

Insiders Place Their Bets

In related news, insider Michael Raymond Burns sold 21,748 shares of the company’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 transaction, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This represents a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 9.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lionsgate Studios

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Lionsgate Studios by 99.3% in 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. Bessemer Group Inc. purchased a new position in Lionsgate Studios during the second quarter valued at $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Lionsgate Studios during the second quarter valued at approximately $26,000. Osaic Holdings Inc. lifted its holdings in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after purchasing an additional 4,852 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Lionsgate Studios in the second quarter worth about $31,000.

Lionsgate Studios Stock Up 4.8%

Shares of LION stock opened at $9.75 on Friday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -14.55 and a beta of -0.48. Lionsgate Studios has a 52-week low of $5.55 and a 52-week high of $9.83. The company’s 50 day moving average is $8.33 and its 200 day moving average is $7.11.

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

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.