Lionsgate Studios (NYSE:LION) Stock Rating Upgraded by Zacks Research

Lionsgate Studios (NYSE:LION) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on LION. Raymond James Financial reissued an “outperform” rating and set a $15.00 price target on shares of Lionsgate Studios in a report on Friday, May 22nd. Wall Street Zen downgraded Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley boosted their price target on Lionsgate Studios from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Tuesday, April 21st. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $16.00 price objective on shares of Lionsgate Studios in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lionsgate Studios has an average rating of “Moderate Buy” and a consensus price target of $15.57.

Lionsgate Studios Price Performance

Shares of LION stock opened at $13.52 on Tuesday. Lionsgate Studios has a one year low of $5.55 and a one year high of $16.70. The company’s fifty day moving average price is $13.91 and its 200-day moving average price is $11.07. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of -18.78 and a beta of 0.64.

Institutional Trading of Lionsgate Studios

A number of large investors have recently made changes to their positions in LION. Compass Rose Asset Management LP purchased a new position in Lionsgate Studios during the 3rd quarter valued at about $3,450,000. Anson Funds Management LP lifted its position in shares of Lionsgate Studios by 5.7% in the 3rd quarter. Anson Funds Management LP now owns 7,013,596 shares of the company’s stock worth $48,394,000 after purchasing an additional 379,388 shares during the period. Herbst Group LLC bought a new position in shares of Lionsgate Studios during the fourth quarter valued at approximately $1,649,000. Union Square Park Capital Management LLC boosted its stake in shares of Lionsgate Studios by 39.6% during the fourth quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the company’s stock valued at $2,739,000 after purchasing an additional 85,100 shares in the last quarter. Finally, Alpine Global Management LLC increased its holdings in Lionsgate Studios by 21.3% during the third quarter. Alpine Global Management LLC now owns 458,578 shares of the company’s stock valued at $3,164,000 after buying an additional 80,525 shares during the period.

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.