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

Shares of Lionsgate Studios Corp. (NYSE:LION) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.1364.

A number of analysts recently commented on the company. Wall Street Zen raised Lionsgate Studios from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating and issued a $10.00 price target on shares of Lionsgate Studios in a research report on Thursday, December 18th. Finally, Benchmark raised their price objective on shares of Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Monday, November 24th.

Insider Activity at Lionsgate Studios

In other news, insider Michael Raymond Burns sold 21,748 shares of Lionsgate Studios stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total value of $195,949.48. Following the completion of the transaction, the insider directly owned 3,061,213 shares in the company, valued at approximately $27,581,529.13. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Lionsgate Studios

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. bought a new position in shares of Lionsgate Studios in the second quarter worth approximately $25,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Lionsgate Studios during the 2nd quarter valued at $26,000. Osaic Holdings Inc. raised its position in Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after purchasing an additional 4,852 shares during the period. FNY Investment Advisers LLC bought a new stake in Lionsgate Studios in the second quarter worth $31,000. Finally, GAMMA Investing LLC boosted its position in Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the period.

Lionsgate Studios Stock Performance

Shares of NYSE:LION opened at $9.46 on Friday. Lionsgate Studios has a 52-week low of $5.55 and a 52-week high of $10.09. The business’s 50 day simple moving average is $8.55 and its two-hundred day simple moving average is $7.21. The firm has a market cap of $2.74 billion, a P/E ratio of -14.12 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last posted its earnings results on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). On average, equities analysts forecast that Lionsgate Studios will post 0.08 earnings per share for the current fiscal year.

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.