Lionsgate Studios’ (LION) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Lionsgate Studios (NYSE:LION) in a research report sent to investors on Friday,Benzinga reports. Barrington Research currently has a $8.50 target price on the stock.

LION has been the topic of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a research report on Friday, September 5th. Robert W. Baird initiated coverage on Lionsgate Studios in a report on Friday, September 5th. They issued an “outperform” rating and a $8.00 price objective on the stock. Wells Fargo & Company assumed coverage on Lionsgate Studios in a research note on Tuesday, August 5th. They set an “overweight” rating and a $9.00 target price for the company. Finally, Wolfe Research assumed coverage on shares of Lionsgate Studios in a research note on Tuesday, July 29th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.73.

Lionsgate Studios Trading Up 0.9%

Lionsgate Studios stock traded up $0.06 during mid-day trading on Friday, hitting $6.93. The company had a trading volume of 506,079 shares, compared to its average volume of 2,431,412. The company’s fifty day moving average is $6.56 and its 200-day moving average is $6.60. Lionsgate Studios has a 12-month low of $5.55 and a 12-month high of $8.50. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -10.34 and a beta of -0.12.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). As a group, sell-side analysts expect that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in shares of Lionsgate Studios during the second quarter worth $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in Lionsgate Studios during the second quarter worth about $26,000. Osaic Holdings Inc. grew its stake in Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Lionsgate Studios during the 2nd quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Lionsgate Studios in the 2nd quarter valued at about $36,000.

About Lionsgate Studios

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.