Lionsgate Studios (NYSE:LION) Rating Lowered to Sell at Wall Street Zen

Lionsgate Studios (NYSE:LION) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently weighed in on LION. Morgan Stanley reissued an “overweight” rating and set a $11.00 price target on shares of Lionsgate Studios in a report on Friday, February 6th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Benchmark raised their target price on shares of Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Barrington Research reaffirmed an “outperform” rating and set a $11.50 price target on shares of Lionsgate Studios in a report on Friday, February 6th. Finally, Wells Fargo & Company increased their price target on shares of Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.86.

Lionsgate Studios Price Performance

LION stock opened at $8.10 on Friday. The stock has a market capitalization of $2.35 billion, a P/E ratio of -9.53 and a beta of -0.48. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $10.09. The business has a 50-day moving average of $8.92 and a 200-day moving average of $7.41.

Lionsgate Studios (NYSE:LION) last released its earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $724.30 million during the quarter, compared to analyst estimates of $706.03 million. Equities analysts expect that Lionsgate Studios will post 0.08 EPS for the current year.

Insider Transactions at Lionsgate Studios

In other news, insider Michael Raymond Burns sold 21,748 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total transaction of $195,949.48. Following the transaction, the insider owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lionsgate Studios

A number of hedge funds have recently added to or reduced their stakes in LION. Bessemer Group Inc. bought a new stake in Lionsgate Studios during the 2nd quarter valued at $25,000. JTC Employer Solutions Trustee Ltd purchased a new position in Lionsgate Studios during the second quarter worth about $26,000. Osaic Holdings Inc. boosted its holdings in Lionsgate Studios by 4,852.0% during the second 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 last quarter. FNY Investment Advisers LLC bought a new stake in Lionsgate Studios in the 2nd quarter worth about $31,000. Finally, GAMMA Investing LLC increased its stake in Lionsgate Studios by 99.3% in the 4th 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 last quarter.

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.