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

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

A number of other research analysts also recently issued reports on the company. Morgan Stanley restated an “overweight” rating and set a $11.00 price target on shares of Lionsgate Studios in a report on Friday, February 6th. Benchmark boosted their target price on Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $11.50 price target on shares of Lionsgate Studios in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.86.

Lionsgate Studios Stock Up 1.6%

NYSE:LION opened at $8.10 on Friday. The company has a fifty day moving average of $8.92 and a 200 day moving average of $7.39. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $10.09. The firm has a market capitalization of $2.35 billion, a P/E 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $724.30 million for the quarter, compared to analysts’ expectations of $706.03 million. As a group, analysts anticipate that Lionsgate Studios will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other Lionsgate Studios news, insider Michael Raymond Burns sold 21,748 shares of the 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 completion of the transaction, the insider owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.10% of the stock is currently owned by insiders.

Institutional Trading of Lionsgate Studios

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

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.