Lionsgate Studios (NYSE:LION) Sets New 12-Month High – Still a Buy?

Lionsgate Studios Corp. (NYSE:LION)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $12.50 and last traded at $12.35, with a volume of 1162336 shares. The stock had previously closed at $12.45.

Analyst Ratings Changes

A number of research firms recently commented on LION. Morgan Stanley reaffirmed an “overweight” rating and set a $11.00 target price on shares of Lionsgate Studios in a report on Friday, February 6th. Wall Street Zen raised Lionsgate Studios from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Thursday, January 22nd. Benchmark lifted their price target on Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company lifted their price target on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.81.

Lionsgate Studios Stock Down 1.3%

The firm has a 50-day moving average of $9.55 and a two-hundred day moving average of $8.39. The company has a market capitalization of $3.57 billion, a PE ratio of -14.46 and a beta of -0.48.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $724.30 million during the quarter, compared to the consensus estimate of $706.03 million. Equities analysts predict that Lionsgate Studios Corp. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LION. Millennium Management LLC raised its position in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after acquiring an additional 837,774 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Lionsgate Studios by 198.5% in the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after buying an additional 275,839 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Lionsgate Studios in the first quarter valued at approximately $825,000. Envestnet Asset Management Inc. purchased a new stake in shares of Lionsgate Studios in the second quarter valued at approximately $77,000. Finally, Creative Planning purchased a new stake in shares of Lionsgate Studios in the second quarter valued at approximately $117,000.

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.