Lionsgate Studios Corp. (NYSE:LION) Receives Consensus Rating of “Hold” from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $12.66.

A number of equities analysts have issued reports on LION shares. Wells Fargo & Company lifted their target price on shares of Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Seaport Research Partners reaffirmed a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Benchmark upped their target price on Lionsgate Studios from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their target price for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd.

Lionsgate Studios Trading Up 0.6%

Shares of LION opened at $14.35 on Friday. The stock has a market cap of $4.17 billion, a P/E ratio of -19.93 and a beta of 0.56. The company has a 50-day moving average of $11.58 and a two-hundred day moving average of $9.63. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $15.01.

Institutional Trading of Lionsgate Studios

Large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its stake in shares of Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 worth $32,000 after buying an additional 1,773 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Lionsgate Studios during the third quarter worth about $38,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Lionsgate Studios during the fourth quarter worth about $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Lionsgate Studios during the fourth quarter worth about $55,000.

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.