Lionsgate Studios (NYSE:LION) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Lionsgate Studios (NYSE:LION) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also issued reports on the company. Seaport Research Partners reiterated a “buy” rating and set a $17.00 target price on shares of Lionsgate Studios in a research report on Friday, August 7th. Morgan Stanley reissued an “overweight” rating and issued a $15.00 price target on shares of Lionsgate Studios in a report on Thursday, August 6th. Citigroup started coverage on shares of Lionsgate Studios in a report on Monday, September 14th. They issued a “market outperform” rating for the company. Zacks Research cut shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of Lionsgate Studios in a research report on Friday, September 25th. They set an “underweight” rating and a $9.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.16.

Lionsgate Studios Trading Down 0.7%

NYSE LION opened at $11.05 on Friday. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of -26.31 and a beta of 0.67. Lionsgate Studios has a twelve month low of $5.88 and a twelve month high of $16.70. The stock has a 50-day moving average of $11.49 and a 200 day moving average of $12.43.

Lionsgate Studios (NYSE:LION) last issued its quarterly 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 analysts’ expectations of $703.10 million. Equities analysts predict that Lionsgate Studios will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

Large investors have recently bought and sold shares of the company. Nykredit A S purchased a new position in shares of Lionsgate Studios during the 2nd quarter worth $49,000. Integrated Wealth Concepts LLC acquired a new position in shares of Lionsgate Studios during the 2nd quarter valued at about $118,000. Amundi purchased a new stake in shares of Lionsgate Studios in the second quarter valued at about $169,000. Lido Advisors LLC purchased a new stake in shares of Lionsgate Studios in the first quarter valued at about $112,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Lionsgate Studios in the second quarter valued at about $180,000.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. (NYSE: LION) is a global entertainment company focused on developing, producing and distributing motion pictures and television programming. Its operations include the Lionsgate Motion Picture Group, Lionsgate Television and related entertainment businesses that create content for theaters, broadcast networks, cable channels and streaming platforms.

The company’s portfolio includes feature films, scripted and unscripted television series, and a broad library of licensed and owned content.