Lionsgate Studios (NYSE:LION) Stock Rating Lowered by Wall Street Zen

Lionsgate Studios (NYSE:LION) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

LION has been the subject of a number of other research reports. Benchmark increased their price target on shares of Lionsgate Studios from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. Robert W. Baird started coverage on Lionsgate Studios in a report on Friday, September 5th. They set an “outperform” rating and a $8.00 price target on the stock. Barrington Research reaffirmed an “outperform” rating and set a $8.50 price objective on shares of Lionsgate Studios in a research note on Friday, November 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Lionsgate Studios in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Lionsgate Studios has a consensus rating of “Moderate Buy” and an average price target of $9.14.

Lionsgate Studios Stock Up 1.8%

LION opened at $9.29 on Friday. Lionsgate Studios has a 52 week low of $5.55 and a 52 week high of $9.48. The business’s 50 day moving average is $7.56 and its two-hundred day moving average is $6.77. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -13.87 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last posted 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 analysts expect that Lionsgate Studios will post 0.08 EPS for the current fiscal year.

Insider Activity at Lionsgate Studios

In other news, insider Michael Raymond Burns sold 21,748 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $9.01, for a total transaction of $195,949.48. Following the transaction, the insider directly owned 3,061,213 shares of the company’s stock, valued at $27,581,529.13. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On Lionsgate Studios

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in shares of Lionsgate Studios by 198.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock worth $3,099,000 after purchasing an additional 275,839 shares during the last quarter. Liberty 77 Capital L.P. acquired a new stake in Lionsgate Studios during the 2nd quarter valued at $214,831,000. Harbor Capital Advisors Inc. purchased a new position in Lionsgate Studios during the third quarter worth $2,749,000. NJ State Employees Deferred Compensation Plan purchased a new position in Lionsgate Studios during the second quarter worth $232,000. Finally, Swiss National Bank acquired a new position in shares of Lionsgate Studios in the second quarter worth $2,377,000.

Lionsgate Studios Company Profile

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.