Lionsgate Studios (NYSE:LION) Cut to “Hold” at Wall Street Zen

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

Several other research firms have also commented on LION. Seaport Research Partners reiterated a “buy” rating and issued a $16.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Barrington Research lifted their target price on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Robert W. Baird upped their price objective on Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Citigroup lowered shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their target price for the stock from $11.00 to $12.60 in a research report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.80.

Lionsgate Studios Stock Performance

NYSE:LION opened at $14.35 on Friday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of -19.93 and a beta of 0.69. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $15.01. The firm has a 50-day moving average price of $12.42 and a two-hundred day moving average price of $10.11.

Institutional Trading of Lionsgate Studios

Institutional investors and hedge funds have recently modified their holdings of the business. Compass Rose Asset Management LP bought a new position in Lionsgate Studios during the 3rd quarter valued at approximately $3,450,000. WINTON GROUP Ltd lifted its position in shares of Lionsgate Studios by 143.2% in the 3rd quarter. WINTON GROUP Ltd now owns 220,100 shares of the company’s stock worth $1,519,000 after purchasing an additional 129,611 shares during the period. Anson Funds Management LP lifted its position in shares of Lionsgate Studios by 5.7% in the 3rd quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock worth $48,394,000 after purchasing an additional 379,388 shares during the period. Herbst Group LLC purchased a new stake in shares of Lionsgate Studios in the 4th quarter worth about $1,649,000. Finally, Credit Industriel ET Commercial lifted its position in shares of Lionsgate Studios by 45.4% in the 3rd quarter. Credit Industriel ET Commercial now owns 332,625 shares of the company’s stock worth $2,295,000 after purchasing an additional 103,859 shares during the period.

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.