Lionsgate Studios Corp. (NYSE:LION) Given Average Rating of “Moderate Buy” by Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given 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 $15.3714.

Several equities research analysts have commented on the company. Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $11.00 to $12.60 in a research report on Monday, April 20th. Wall Street Zen lowered Lionsgate Studios from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Raymond James Financial restated an “outperform” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research report on Friday, May 22nd. Benchmark upped their price objective on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Morgan Stanley upped their price objective on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st.

Institutional Investors Weigh In On Lionsgate Studios

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in shares of Lionsgate Studios by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after buying an additional 837,774 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Lionsgate Studios by 198.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after buying an additional 275,839 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Lionsgate Studios during the 1st quarter valued at approximately $825,000. Envestnet Asset Management Inc. purchased a new position in shares of Lionsgate Studios during the 2nd quarter valued at approximately $77,000. Finally, Creative Planning purchased a new position in shares of Lionsgate Studios during the 2nd quarter valued at approximately $117,000.

Lionsgate Studios Trading Down 1.1%

Lionsgate Studios stock opened at $15.05 on Wednesday. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $16.70. The stock’s 50 day simple moving average is $13.15 and its two-hundred day simple moving average is $10.53. The firm has a market cap of $4.37 billion, a PE ratio of -20.90 and a beta of 0.69.

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.