Lionsgate Studios (NYSE:LION) Upgraded at B. Riley Financial

Lionsgate Studios (NYSE:LION) was upgraded by B. Riley Financial to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on LION. Morgan Stanley raised their price objective on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Seaport Research Partners reissued a “buy” rating and issued a $16.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Raymond James Financial restated an “outperform” rating and set a $15.00 target price on shares of Lionsgate Studios in a research report on Friday, May 22nd. Finally, Benchmark upped their price target on Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.57.

Lionsgate Studios Stock Performance

LION opened at $15.00 on Tuesday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of -20.83 and a beta of 0.64. Lionsgate Studios has a twelve month low of $5.55 and a twelve month high of $16.70. The firm’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $10.87.

Institutional Investors Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently modified their holdings of LION. GAMMA Investing LLC lifted its holdings in Lionsgate Studios by 99.3% in the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Lionsgate Studios during the 4th quarter worth $44,000. Osaic Holdings Inc. raised its position in shares of Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of Lionsgate Studios during the 3rd quarter valued at $38,000. Finally, Farther Finance Advisors LLC raised its position in shares of Lionsgate Studios by 4,457.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after acquiring an additional 5,839 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.