Lionsgate Studios (NYSE:LION) Price Target Raised to $20.00 at Robert W. Baird

Lionsgate Studios (NYSE:LION) had its price target boosted by Robert W. Baird from $18.00 to $20.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 22.03% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Seaport Research Partners reissued a “buy” rating and issued a $16.00 price target on shares of Lionsgate Studios in a research note on Friday, May 22nd. Raymond James Financial reissued an “outperform” rating and issued a $15.00 price target on shares of Lionsgate Studios in a research note on Friday, May 22nd. Citigroup cut shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and lifted their price target for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Morgan Stanley lifted their price target on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Benchmark lifted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.37.

Lionsgate Studios Price Performance

Shares of NYSE LION opened at $16.39 on Wednesday. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of -22.76 and a beta of 0.69. Lionsgate Studios has a 12 month low of $5.55 and a 12 month high of $16.70. The firm’s 50 day simple moving average is $12.65 and its 200-day simple moving average is $10.25.

Institutional Investors Weigh In On Lionsgate Studios

Several institutional investors and hedge funds have recently added to or reduced their stakes in LION. Millennium Management LLC boosted its stake in Lionsgate Studios by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock worth $14,877,000 after purchasing an additional 837,774 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in 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. Jane Street Group LLC acquired a new stake in Lionsgate Studios during the 1st quarter worth $825,000. Envestnet Asset Management Inc. acquired a new stake in Lionsgate Studios during the 2nd quarter worth $77,000. Finally, Creative Planning acquired a new stake in Lionsgate Studios during the 2nd quarter worth $117,000.

Lionsgate Studios News Roundup

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: Takeover speculation continued to support the stock, with reports that Netflix could be eyeing Lionsgate as part of its broader M&A strategy. Netflix eyes Lionsgate after losing to Fox on Roku deal: report
• Positive Sentiment: Traders piled into bullish options, with call volume far above normal, suggesting speculation of further upside in Lionsgate Studios. Lionsgate Studios Corp. (LION) Surges 13.9%: Is This an Indication of Further Gains?
• Positive Sentiment: The stock hit a new 52-week high, reflecting strong momentum and investor interest in the name. Lionsgate Studios (NYSE:LION) Sets New 52-Week High – What’s Next?
• Neutral Sentiment: Several articles repeated the same merger chatter and market reaction, reinforcing the story but adding little new fundamental information. Report: Netflix Eyeing Potential Lionsgate Acquisition After Missing Out on Warner Bros.
• Negative Sentiment: Netflix publicly denied interest in pursuing Lionsgate, which cooled some of the takeover enthusiasm and could limit near-term upside if no deal emerges. Not interested: Netflix denies pursuing Lionsgate as M&A heats up

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.