Barrington Research Reiterates “Outperform” Rating for Lionsgate Studios (NYSE:LION)

Lionsgate Studios (NYSE:LION)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a research note issued on Friday,Benzinga reports. They currently have a $14.50 price target on the stock. Barrington Research’s target price would suggest a potential upside of 12.49% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Benchmark lifted their price objective on shares of Lionsgate Studios from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Citigroup cut shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Wall Street Zen cut shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Morgan Stanley lifted their price objective on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lionsgate Studios has an average rating of “Hold” and a consensus target price of $12.12.

Lionsgate Studios Trading Up 2.3%

Shares of LION opened at $12.89 on Friday. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $13.03. The firm’s 50 day moving average is $11.00 and its 200-day moving average is $9.32. The stock has a market capitalization of $3.74 billion, a PE ratio of -15.16 and a beta of 0.56.

Institutional Trading of Lionsgate Studios

Hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in shares of 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 buying an additional 4,852 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after buying an additional 1,773 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Lionsgate Studios during the third quarter worth $38,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Lionsgate Studios during the fourth quarter worth $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Lionsgate Studios during the fourth quarter worth $55,000.

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.