Lionsgate Studios (NYSE:LION) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Lionsgate Studios (NYSE:LION) from a buy rating to a hold rating in a report issued on Sunday morning,Wall Street Zen reports.

Several other brokerages have also recently weighed in on LION. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Friday, July 17th. Barrington Research boosted their price target on shares of Lionsgate Studios from $14.50 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Morgan Stanley reissued an “overweight” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research report on Thursday, August 6th. Zacks Research lowered shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research report on Friday, May 22nd. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.57.

Lionsgate Studios Trading Down 0.3%

NYSE:LION opened at $11.14 on Friday. The firm has a market cap of $3.31 billion, a PE ratio of -26.52 and a beta of 0.66. The stock has a fifty day moving average price of $12.68 and a 200 day moving average price of $12.13. Lionsgate Studios has a 12-month low of $5.88 and a 12-month high of $16.70.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million for the quarter, compared to analysts’ expectations of $703.10 million. Equities analysts forecast that Lionsgate Studios will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently bought and sold shares of LION. BlackRock Inc. purchased a new position in shares of Lionsgate Studios during the second quarter worth about $251,521,000. Anson Funds Management LP grew its stake in Lionsgate Studios by 36.3% during the 4th quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock worth $87,255,000 after buying an additional 2,543,352 shares during the last quarter. Wellington Management Group LLP acquired a new position in Lionsgate Studios during the second quarter worth approximately $113,683,000. Jefferies Financial Group Inc. purchased a new stake in Lionsgate Studios in the second quarter valued at approximately $88,896,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Lionsgate Studios in the fourth quarter valued at approximately $51,119,000.

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.