Shares of Lions Gate Entertainment Corp. (NYSE:LGF) shot up 3.2% during trading on Thursday . The stock traded as high as $20.49 and last traded at $20.46, with a volume of 2,019,345 shares traded. The stock had previously closed at $19.82.

Several brokerages have recently commented on LGF. B. Riley reaffirmed a “buy” rating and issued a $30.00 target price on shares of Lions Gate Entertainment Corp. in a research report on Sunday, June 5th. Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $30.00 target price on shares of Lions Gate Entertainment Corp. in a research report on Tuesday, June 7th. Zacks Investment Research cut Lions Gate Entertainment Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd. Cowen and Company decreased their target price on Lions Gate Entertainment Corp. to $22.00 and set a “market perform” rating for the company in a research report on Monday, March 21st. Finally, Stifel Nicolaus cut Lions Gate Entertainment Corp. from a “buy” rating to a “hold” rating in a research report on Monday, March 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $30.02.

The firm has a market cap of $2.95 billion and a price-to-earnings ratio of 60.97. The company has a 50-day moving average price of $21.00 and a 200-day moving average price of $22.49.

Lions Gate Entertainment Corp. (NYSE:LGF) last released its quarterly earnings data on Wednesday, May 25th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.29. The firm earned $791.20 million during the quarter, compared to the consensus estimate of $743 million. Lions Gate Entertainment Corp.’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Equities research analysts predict that Lions Gate Entertainment Corp. will post $0.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Thursday, June 30th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, June 28th.

Several hedge funds have recently added to or reduced their stakes in LGF. Employees Retirement System of Texas purchased a new stake in Lions Gate Entertainment Corp. during the fourth quarter worth approximately $1,879,000. Dimensional Fund Advisors LP boosted its stake in Lions Gate Entertainment Corp. by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 480,533 shares of the company’s stock worth $15,564,000 after buying an additional 12,524 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in Lions Gate Entertainment Corp. by 3.4% in the fourth quarter. I.G. Investment Management LTD. now owns 96,582 shares of the company’s stock worth $3,128,000 after buying an additional 3,176 shares in the last quarter. UBS Oconnor LLC boosted its stake in Lions Gate Entertainment Corp. by 24.1% in the fourth quarter. UBS Oconnor LLC now owns 671,958 shares of the company’s stock worth $21,765,000 after buying an additional 130,511 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in 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 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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