Brokerages Set Lionsgate Studios Corp. (NYSE:LION) Target Price at $9.86

Shares of Lionsgate Studios Corp. (NYSE:LION) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.8636.

LION has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. Benchmark lifted their price target on shares of Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Zacks Research upgraded shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Wall Street Zen downgraded shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Saturday, February 14th.

Insider Activity at Lionsgate Studios

In related news, insider Michael Raymond Burns sold 21,748 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total value of $195,949.48. Following the sale, the insider owned 3,061,213 shares in the company, valued at $27,581,529.13. This represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 32.10% of the stock is currently owned by insiders.

Institutional Trading of Lionsgate Studios

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised 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 purchasing an additional 4,852 shares during the last quarter. GAMMA Investing LLC boosted its position 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 buying an additional 1,773 shares during the last quarter. KBC Group NV purchased a new position in shares of Lionsgate Studios during the second quarter valued at approximately $37,000. CIBC Private Wealth Group LLC bought a new stake in Lionsgate Studios during the third quarter worth $38,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Lionsgate Studios in the 4th quarter valued at $44,000.

Lionsgate Studios Trading Down 3.1%

LION opened at $9.23 on Monday. The company has a market cap of $2.68 billion, a P/E ratio of -10.86 and a beta of -0.39. The company has a fifty day moving average price of $9.21 and a two-hundred day moving average price of $7.91. Lionsgate Studios has a 1-year low of $5.55 and a 1-year high of $11.02.

Lionsgate Studios (NYSE:LION) last issued its earnings results on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $724.30 million during the quarter, compared to analyst estimates of $706.03 million. On average, research analysts forecast 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.