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 traded. The stock had previously closed at $18.69.

A number of research firms have recently issued reports on LGF. Argus reiterated a “buy” rating on shares of Lions Gate Entertainment Corp. in a research note on Saturday, May 14th. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Lions Gate Entertainment Corp. in a research note on Monday, May 9th. Vetr lowered Lions Gate Entertainment Corp. from a “strong-buy” rating to a “buy” rating and set a $24.26 price objective for the company. in a research note on Wednesday, June 15th. FBR & Co restated an “outperform” rating and set a $23.00 price objective on shares of Lions Gate Entertainment Corp. in a research note on Thursday, May 26th. Finally, Pacific Crest restated an “overweight” rating and set a $27.00 price objective on shares of Lions Gate Entertainment Corp. in a research note on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Lions Gate Entertainment Corp. presently has a consensus rating of “Buy” and a consensus target price of $30.72.

The firm’s 50 day moving average is $21.02 and its 200 day moving average is $22.78. The firm has a market cap of $2.81 billion and a PE ratio of 58.05.

Lions Gate Entertainment Corp. (NYSE:LGF) last issued its quarterly earnings results on Wednesday, May 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.29. The firm had revenue of $791.20 million for the quarter, compared to the consensus estimate of $743 million. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, analysts expect that Lions Gate Entertainment Corp. will post $0.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Thursday, June 30th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 28th. This represents a $0.36 annualized dividend and a yield of 1.88%.

Other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its position 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 valued at $24,031,000 after buying an additional 50,308 shares in the last quarter. California State Teachers Retirement System raised its stake in Lions Gate Entertainment Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 175,855 shares of the company’s stock valued at $5,696,000 after buying an additional 2,823 shares in the last quarter. LLBH Private Wealth Management LLC bought a new stake in Lions Gate Entertainment Corp. during the fourth quarter valued at $98,026,000. Calamos Advisors LLC raised its stake in 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 valued at $42,829,000 after buying an additional 472,897 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in Lions Gate Entertainment Corp. by 1.2% in the fourth quarter. Whittier Trust Co. now owns 35,681 shares of the company’s stock valued at $1,155,000 after buying an additional 409 shares in the last quarter.

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.

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