Lionsgate Studios (NYSE:LION) Sets New 1-Year High – Time to Buy?

Lionsgate Studios Corp. (NYSE:LION) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $12.94 and last traded at $12.76, with a volume of 3142987 shares changing hands. The stock had previously closed at $12.60.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Benchmark increased their price objective on shares of Lionsgate Studios from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Finally, Morgan Stanley increased their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.91.

Lionsgate Studios Price Performance

The company has a market capitalization of $3.56 billion, a P/E ratio of -14.45 and a beta of 0.56. The business has a 50-day moving average of $10.40 and a 200-day moving average of $8.89.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $724.30 million for the quarter, compared to the consensus estimate of $706.03 million. Sell-side analysts predict that Lionsgate Studios Corp. will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Lionsgate Studios during the fourth quarter valued at approximately $44,000. Osaic Holdings Inc. grew its stake in shares of Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after buying an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Lionsgate Studios during the third quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Lionsgate Studios by 4,457.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after buying an additional 5,839 shares during the last quarter.

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.