Analysts Set Lionsgate Studios Corp. (NYSE:LION) Price Target at $15.57

Shares of Lionsgate Studios Corp. (NYSE:LION) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $15.5750.

LION has been the topic of a number of recent analyst reports. Barrington Research increased 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. Wall Street Zen lowered shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Benchmark upped their target price on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Finally, Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their price target for the stock from $11.00 to $12.60 in a research report on Monday, April 20th.

Lionsgate Studios Stock Performance

LION opened at $13.42 on Friday. The stock’s 50 day moving average price is $14.16 and its 200-day moving average price is $11.43. Lionsgate Studios has a one year low of $5.65 and a one year high of $16.70. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -18.64 and a beta of 0.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LION. Glenmede Trust Co. NA purchased a new stake in Lionsgate Studios in the first quarter valued at about $330,000. California State Teachers Retirement System grew its stake in shares of Lionsgate Studios by 23.1% during the first quarter. California State Teachers Retirement System now owns 248,833 shares of the company’s stock worth $2,386,000 after acquiring an additional 46,732 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Lionsgate Studios by 183.1% during the first quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock worth $10,656,000 after acquiring an additional 718,527 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Lionsgate Studios by 79.9% during the first quarter. Quantinno Capital Management LP now owns 96,923 shares of the company’s stock valued at $929,000 after acquiring an additional 43,059 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of Lionsgate Studios during the first quarter valued at about $43,715,000.

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.