Citi Sticks to Its Buy Rating for Lionsgate Studios (LION)

In a report released today, from Citi maintained a Buy rating on Lionsgate Studios, with a price target of $9.00. The company’s shares closed yesterday at $6.29.

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In addition to Citi, Lionsgate Studios also received a Buy from Benchmark Co.’s Matthew Harrigan in a report issued on July 28. However, yesterday, Wolfe Research initiated coverage with a Hold rating on Lionsgate Studios (NYSE: LION).

Based on Lionsgate Studios’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $713.8 million and a net profit of $6.4 million. In comparison, last year the company earned a revenue of $691.4 million and had a GAAP net loss of $41.1 million

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LION in relation to earlier this year. Earlier this month, Liberty 77 Capital L.P., a Major Shareholder at LION bought 572,089.00 shares for a total of $3,217,256.62.