Lionsgate Studios (NYSE:LION) Sets New 52-Week High – What’s Next?

Lionsgate Studios Corp. (NYSE:LION) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.70 and last traded at $16.39, with a volume of 16368580 shares changing hands. The stock had previously closed at $14.37.

Lionsgate Studios News Roundup

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: Reports circulated that Netflix may be considering a merger or acquisition of Lionsgate after missing out on other media assets, lifting sentiment around LION as investors bet a strategic buyer could emerge. Article Title
• Positive Sentiment: Unusual call-option buying also pointed to a surge in speculative demand, with traders wagering on further upside in Lionsgate shares.
• Neutral Sentiment: Some reports suggested Netflix was not interested in Lionsgate, which likely cooled the rally but did not erase the broader takeover buzz. Article Title
• Neutral Sentiment: Lionsgate also announced two competing Monopoly films in development, a content-development update that adds to its pipeline but is less likely to be the main driver of the stock move. Article Title

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LION. Barrington Research boosted their price objective on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Citigroup lowered Lionsgate Studios from a “buy” rating to a “neutral” rating and raised their price objective for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Raymond James Financial reissued an “outperform” rating and set a $15.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Finally, Benchmark raised their price target on Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

Lionsgate Studios Price Performance

The firm has a market cap of $4.76 billion, a PE ratio of -22.76 and a beta of 0.69. The company has a 50-day simple moving average of $12.65 and a 200-day simple moving average of $10.25.

Institutional Trading of Lionsgate Studios

A number of large investors have recently made changes to their positions in the stock. Jericho Capital Asset Management L.P. purchased a new position in shares of Lionsgate Studios during the fourth quarter worth approximately $51,119,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Lionsgate Studios in the first quarter valued at approximately $43,715,000. Anson Funds Management LP grew its stake in Lionsgate Studios by 36.3% in the fourth quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock worth $87,255,000 after purchasing an additional 2,543,352 shares in the last quarter. Marshall Wace LLP grew its stake in Lionsgate Studios by 273.4% in the fourth quarter. Marshall Wace LLP now owns 2,331,777 shares of the company’s stock worth $21,289,000 after purchasing an additional 1,707,282 shares in the last quarter. Finally, Broad Bay Capital Management LP increased its holdings in Lionsgate Studios by 38.7% during the 4th quarter. Broad Bay Capital Management LP now owns 5,168,008 shares of the company’s stock worth $47,184,000 after purchasing an additional 1,441,700 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.