Lionsgate Studios (NYSE:LION) Rating Lowered to “Hold” at Wall Street Zen

Lionsgate Studios (NYSE:LION) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday, Wall Street Zen reports.

Several other brokerages have also recently issued reports on LION. Morgan Stanley reiterated an “overweight” rating and issued a $15.00 price target on shares of Lionsgate Studios in a research note on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a report on Friday, May 22nd. Zacks Research downgraded Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Benchmark upped their target price on Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Barrington Research increased their target price on Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Six 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.57.

Lionsgate Studios Stock Up 0.1%

Shares of Lionsgate Studios stock opened at $11.18 on Friday. Lionsgate Studios has a twelve month low of $5.88 and a twelve month high of $16.70. The company has a 50-day simple moving average of $12.76 and a two-hundred day simple moving average of $12.11. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -26.62 and a beta of 0.66.

Lionsgate Studios (NYSE:LION) last announced its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. On average, sell-side analysts anticipate that Lionsgate Studios will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

A number of large investors have recently modified their holdings of LION. Royal Bank of Canada boosted its stake in 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 buying an additional 718,527 shares in the last quarter. BlackRock Inc. acquired a new position in Lionsgate Studios during the second quarter worth about $251,521,000. Union Square Park Capital Management LLC raised its stake in Lionsgate Studios by 39.6% during the fourth quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company’s stock worth $2,739,000 after acquiring an additional 85,100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Lionsgate Studios by 20.3% in the first quarter. Bank of New York Mellon Corp now owns 1,033,744 shares of the company’s stock worth $9,914,000 after acquiring an additional 174,433 shares during the last quarter. Finally, Cooper Creek Partners Management LLC bought a new position in shares of Lionsgate Studios in the first quarter worth about $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.