Lionsgate Studios (NYSE:LION) Upgraded by Wall Street Zen to “Buy” Rating

Lionsgate Studios (NYSE:LION) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

LION has been the subject of a number of other research reports. Morgan Stanley boosted their target price on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barrington Research boosted their target price on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research report on Tuesday. Seaport Research Partners restated a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Raymond James Financial restated an “outperform” rating and issued a $15.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Finally, Benchmark boosted their target price on Lionsgate Studios from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.66.

Lionsgate Studios Trading Up 0.6%

Shares of LION opened at $14.35 on Friday. The company has a market cap of $4.17 billion, a PE ratio of -19.93 and a beta of 0.56. The stock has a 50-day moving average price of $11.58 and a 200-day moving average price 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

Several hedge funds and other institutional investors have recently bought and sold shares of LION. Osaic Holdings Inc. lifted its position in Lionsgate Studios by 4,852.0% in the second 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 during the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 1,773 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Lionsgate Studios during the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lionsgate Studios during the fourth quarter valued at approximately $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Lionsgate Studios during the fourth quarter valued at approximately $55,000.

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.