Lionsgate Studios Corp. (NYSE:LION) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $14.5143.

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Lionsgate Studios from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Tuesday, April 21st. Morgan Stanley upped their price target on Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citigroup downgraded Lionsgate Studios from a “buy” rating to a “neutral” rating and upped their price target for the company from $11.00 to $12.60 in a report on Monday, April 20th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $16.00 price target on shares of Lionsgate Studios in a report on Friday, May 22nd.

Lionsgate Studios Trading Down 3.0%

Lionsgate Studios stock opened at $13.39 on Friday. The business’s fifty day simple moving average is $11.83 and its two-hundred day simple moving average is $9.80. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $15.01. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of -18.60 and a beta of 0.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Anson Funds Management LP lifted its holdings in shares of Lionsgate Studios by 36.3% during the fourth quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock valued at $87,255,000 after purchasing an additional 2,543,352 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Lionsgate Studios during the fourth quarter valued at $51,119,000. Broad Bay Capital Management LP lifted its holdings in shares of Lionsgate Studios by 38.7% during the fourth quarter. Broad Bay Capital Management LP now owns 5,168,008 shares of the company’s stock valued at $47,184,000 after purchasing an additional 1,441,700 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lionsgate Studios by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 4,920,277 shares of the company’s stock valued at $44,930,000 after purchasing an additional 331,025 shares in the last quarter. Finally, State Street Corp increased its position in Lionsgate Studios by 3.7% during the fourth quarter. State Street Corp now owns 4,706,141 shares of the company’s stock valued at $42,967,000 after acquiring an additional 168,307 shares during the last quarter.

About Lionsgate Studios

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.