Lions Gate Entertainment Corp. (LGF) Stock Price Down 3%
Lions Gate Entertainment Corp. (NYSE:LGF) was down 3% on Friday . The stock traded as low as $21.33 and last traded at $21.36, with a volume of 1,891,962 shares traded. The stock had previously closed at $22.01.
Several equities research analysts have recently weighed in on LGF shares. B. Riley reaffirmed a “positive” rating and issued a $30.00 target price on shares of Lions Gate Entertainment Corp. in a research report on Friday, April 29th. Zacks Investment Research raised Lions Gate Entertainment Corp. from a “strong sell” rating to a “hold” rating in a research report on Friday, April 29th. Vetr raised Lions Gate Entertainment Corp. from a “buy” rating to a “strong-buy” rating and set a $24.38 target price for the company in a research report on Wednesday, May 4th. Argus reaffirmed a “buy” rating on shares of Lions Gate Entertainment Corp. in a research report on Saturday, May 14th. Finally, Wunderlich reaffirmed a “buy” rating and issued a $32.00 target price on shares of Lions Gate Entertainment Corp. in a research report on Wednesday, May 25th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $29.90.
The company’s 50 day moving average is $20.15 and its 200-day moving average is $21.21. The firm has a market cap of $3.15 billion and a PE ratio of 300.14.
Lions Gate Entertainment Corp. (NYSE:LGF) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.36. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The business earned $553.60 million during the quarter, compared to the consensus estimate of $494.34 million. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. On average, equities analysts anticipate that Lions Gate Entertainment Corp. will post $0.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Thursday, June 30th were paid a $0.09 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.69%.
In other Lions Gate Entertainment Corp. news, Director Gordon Crawford acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were acquired at an average cost of $21.70 per share, for a total transaction of $1,085,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several institutional investors have bought and sold shares of LGF. Rhumbline Advisers raised its position in Lions Gate Entertainment Corp. by 8.4% in the fourth quarter. Rhumbline Advisers now owns 88,255 shares of the company’s stock worth $2,859,000 after buying an additional 6,850 shares during the last quarter. Wells Fargo & Company MN raised its position in 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 last quarter. I.G. Investment Management LTD. raised its position 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 during the last quarter. Finally, Employees Retirement System of Texas acquired a new position in Lions Gate Entertainment Corp. during the fourth quarter worth approximately $1,879,000.
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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