Lionsgate Studios (NYSE:LION) Reaches New 12-Month High – What’s Next?

Lionsgate Studios Corp. (NYSE:LION) shares hit a new 52-week high on Wednesday . The stock traded as high as $8.75 and last traded at $8.63, with a volume of 919462 shares. The stock had previously closed at $8.40.

Analyst Upgrades and Downgrades

LION has been the topic of a number of research reports. Benchmark boosted their price objective on shares of Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Wednesday, October 8th. Robert W. Baird initiated coverage on shares of Lionsgate Studios in a research note on Friday, September 5th. They set an “outperform” rating and a $8.00 price objective for the company. Zacks Research downgraded Lionsgate Studios from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Finally, Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Lionsgate Studios currently has a consensus rating of “Moderate Buy” and an average price target of $8.95.

Lionsgate Studios Stock Up 3.0%

The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -12.91 and a beta of -0.27. The business’s 50 day simple moving average is $6.84 and its 200 day simple moving average is $6.55.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). Equities research analysts forecast that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lionsgate Studios

Several institutional investors and hedge funds have recently bought and sold shares of LION. Cresset Asset Management LLC lifted its holdings in Lionsgate Studios by 2.9% during the 3rd quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock valued at $420,000 after purchasing an additional 1,743 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Lionsgate Studios by 11.4% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 19,025 shares of the company’s stock worth $131,000 after buying an additional 1,940 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Lionsgate Studios by 3.1% during the 2nd quarter. Jane Street Group LLC now owns 113,934 shares of the company’s stock worth $662,000 after buying an additional 3,455 shares during the period. Bessemer Group Inc. acquired a new position in Lionsgate Studios in the 2nd quarter valued at about $25,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new position in Lionsgate Studios in the 2nd quarter valued at about $26,000.

Lionsgate Studios Company Profile

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.