Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded up 2.5% during trading on Thursday . The stock traded as high as $19.36 and last traded at $19.15, with a volume of 2,141,238 shares trading hands. The stock had previously closed at $18.69.

Several analysts have recently commented on the stock. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Lions Gate Entertainment Corp. in a research report on Wednesday, May 4th. Argus restated a “buy” rating on shares of Lions Gate Entertainment Corp. in a research report on Saturday, May 14th. Vetr cut shares of Lions Gate Entertainment Corp. from a “strong-buy” rating to a “buy” rating and set a $24.26 target price for the company. in a research note on Wednesday, June 15th. FBR & Co reaffirmed an “outperform” rating and set a $23.00 target price on shares of Lions Gate Entertainment Corp. in a research note on Thursday, May 26th. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $27.00 target price on shares of Lions Gate Entertainment Corp. in a research note on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.72.

The firm’s 50 day moving average price is $21.05 and its 200 day moving average price is $22.91. The company has a market capitalization of $2.77 billion and a P/E ratio of 57.26.

Lions Gate Entertainment Corp. (NYSE:LGF) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.29. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company had revenue of $791.20 million for the quarter, compared to analyst estimates of $743 million. The business’s revenue was up 22.5% on a year-over-year basis. Equities research analysts forecast that Lions Gate Entertainment Corp. will post $0.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, June 28th.

Several large investors have modified their holdings of the stock. LLBH Private Wealth Management LLC acquired a new stake in shares of Lions Gate Entertainment Corp. during the fourth quarter worth approximately $98,026,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Lions Gate Entertainment Corp. by 1,071.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,640,000 shares of the company’s stock worth $53,120,000 after buying an additional 1,500,000 shares during the period. Calamos Advisors LLC boosted its stake in shares of Lions Gate Entertainment Corp. by 55.7% in the fourth quarter. Calamos Advisors LLC now owns 1,322,293 shares of the company’s stock worth $42,829,000 after buying an additional 472,897 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Lions Gate Entertainment Corp. by 6.4% in the fourth quarter. Neuberger Berman Group LLC now owns 1,192,704 shares of the company’s stock worth $38,632,000 after buying an additional 71,516 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Lions Gate Entertainment Corp. by 7.3% in the fourth quarter. Wells Fargo & Company MN now owns 741,944 shares of the company’s stock worth $24,031,000 after buying an additional 50,308 shares during the period.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.