Lionsgate Studios (NYSE:LION) Research Coverage Started at JPMorgan Chase & Co.

by · The Markets Daily

JPMorgan Chase & Co. initiated coverage on shares of Lionsgate Studios (NYSE:LION – Free Report) in a research note published on Friday, Marketbeat reports. The brokerage issued an underweight rating and a $9.00 target price on the stock.

A number of other research analysts have also weighed in on the company. Robert W. Baird raised their price objective on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. B. Riley Financial reduced their price target on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Friday, July 17th. Benchmark lifted their price objective on Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $15.00 target price on shares of Lionsgate Studios in a report on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.16.

Check Out Our Latest Analysis on Lionsgate Studios

Lionsgate Studios Stock Performance

NYSE LION opened at $10.88 on Friday. The business’s fifty day moving average is $11.97 and its 200 day moving average is $12.32. Lionsgate Studios has a fifty-two week low of $5.88 and a fifty-two week high of $16.70. The company has a market capitalization of $3.24 billion, a PE ratio of -25.90 and a beta of 0.66.

Lionsgate Studios (NYSE:LION – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.14. The firm had revenue of $776.60 million during the quarter, compared to analysts’ expectations of $703.10 million. On average, sell-side analysts forecast that Lionsgate Studios will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Lionsgate Studios

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC grew its position in shares of Lionsgate Studios by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock valued at $342,000 after purchasing an additional 2,410 shares in the last quarter. Nykredit A S acquired a new position in Lionsgate Studios in the second quarter valued at about $49,000. WINTON GROUP Ltd boosted its position in shares of Lionsgate Studios by 1.6% during the 4th quarter. WINTON GROUP Ltd now owns 223,694 shares of the company’s stock worth $2,042,000 after purchasing an additional 3,594 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Lionsgate Studios by 15.0% in the first quarter. Pictet Asset Management Holding SA now owns 41,321 shares of the company’s stock valued at $396,000 after buying an additional 5,377 shares in the last quarter. Finally, Abel Hall LLC grew its position in Lionsgate Studios by 52.2% in the 1st quarter. Abel Hall LLC now owns 17,397 shares of the company’s stock valued at $167,000 after acquiring an additional 5,968 shares in the last quarter.

Lionsgate Studios Company Profile

(Get Free Report)

Lionsgate Studios Corp. (NYSE:LION) is an entertainment company focused on the development, production and distribution of motion pictures and television programming. Its studio operations include theatrical films, television series, home entertainment and digital distribution, as well as the licensing and monetization of a broad content library.

The company owns or distributes well-known film franchises such as The Hunger Games, John Wick, Saw, Twilight and Now You See Me.

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