Lionsgate Studios (NYSE:LION) Reaches New 1-Year High – Should You Buy?

Shares of Lionsgate Studios Corp. (NYSE:LION) hit a new 52-week high during trading on Wednesday . The company traded as high as $15.01 and last traded at $14.94, with a volume of 4960533 shares traded. The stock had previously closed at $14.95.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LION shares. Benchmark upped their price target on Lionsgate Studios from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Morgan Stanley upped their price target on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Seaport Research Partners reiterated a “buy” rating and set a $16.00 price target on shares of Lionsgate Studios in a report on Friday. Barrington Research upped their price target on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Robert W. Baird upped their price target on Lionsgate Studios from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Seven equities research analysts have rated the stock with 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 stock currently has an average rating of “Hold” and a consensus target price of $12.66.

Lionsgate Studios Price Performance

The business has a 50 day moving average of $11.31 and a 200 day moving average of $9.50. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -20.75 and a beta of 0.56.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Glenmede Trust Co. NA acquired a new position in shares of Lionsgate Studios in the first quarter valued at $330,000. California State Teachers Retirement System raised its stake in shares of Lionsgate Studios by 23.1% in the first quarter. California State Teachers Retirement System now owns 248,833 shares of the company’s stock valued at $2,386,000 after purchasing an additional 46,732 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Lionsgate Studios by 183.1% in the first quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock valued at $10,656,000 after purchasing an additional 718,527 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Lionsgate Studios by 79.9% in the first quarter. Quantinno Capital Management LP now owns 96,923 shares of the company’s stock valued at $929,000 after purchasing an additional 43,059 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of Lionsgate Studios in the first quarter valued at $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.