B. Riley reaffirmed their buy rating on shares of Lions Gate Entertainment Corp. (NYSE:LGF) in a research report sent to investors on Tuesday. B. Riley currently has a $34.00 price target on the stock.

A number of other equities analysts have also recently weighed in on LGF. Argus reissued a buy rating on shares of Lions Gate Entertainment Corp. in a report on Saturday, July 9th. Macquarie reaffirmed an outperform rating and issued a $27.00 price target (up from $25.00) on shares of Lions Gate Entertainment Corp. in a research note on Wednesday, June 1st. Vetr cut Lions Gate Entertainment Corp. from a strong-buy rating to a buy rating and set a $24.38 price target on the stock. in a research note on Monday, May 30th. RBC Capital Markets reaffirmed a hold rating and issued a $24.00 price target (up from $23.00) on shares of Lions Gate Entertainment Corp. in a research note on Friday, August 5th. Finally, Jefferies Group decreased their price target on Lions Gate Entertainment Corp. from $29.00 to $26.00 and set a buy rating on the stock in a research note on Friday, August 5th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Lions Gate Entertainment Corp. presently has an average rating of Buy and an average price target of $29.96.

Lions Gate Entertainment Corp. (NYSE:LGF) opened at 20.40 on Tuesday. Lions Gate Entertainment Corp. has a one year low of $16.21 and a one year high of $41.41. The company has a market capitalization of $3.01 billion, a PE ratio of 287.32 and a beta of 1.19. The company has a 50 day moving average price of $20.80 and a 200-day moving average price of $20.98.

Lions Gate Entertainment Corp. (NYSE:LGF) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.36. The company had revenue of $553.60 million for the quarter, compared to analysts’ expectations of $494.34 million. Lions Gate Entertainment Corp. had a return on equity of 5.81% and a net margin of 0.43%. Lions Gate Entertainment Corp.’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS. Analysts expect that Lions Gate Entertainment Corp. will post $0.39 EPS for the current fiscal year.

In other news, CEO Jon Feltheimer sold 255,718 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $20.25, for a total transaction of $5,178,289.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gordon Crawford purchased 50,000 shares of the 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 disclosure for this purchase can be found here. Insiders own 30.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in LGF. Amica Retiree Medical Trust acquired a new position in shares of Lions Gate Entertainment Corp. during the second quarter worth about $105,000. IFP Advisors Inc increased its position in shares of Lions Gate Entertainment Corp. by 62.3% in the second quarter. IFP Advisors Inc now owns 5,243 shares of the company’s stock worth $106,000 after buying an additional 2,013 shares during the last quarter. BlackRock Japan Co. Ltd acquired a new position in shares of Lions Gate Entertainment Corp. during the first quarter worth about $141,000. Advisor Group Inc. acquired a new position in shares of Lions Gate Entertainment Corp. during the second quarter worth about $147,000. Finally, Legal & General Group Plc increased its position in shares of Lions Gate Entertainment Corp. by 3.9% in the second quarter. Legal & General Group Plc now owns 7,830 shares of the company’s stock worth $159,000 after buying an additional 292 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Lions Gate Entertainment Corp. Company Profile

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

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