Lions Gate Entertainment Corp. (LGF) PT Set at $27.00 by Brean Capital
Brean Capital set a $27.00 price objective on Lions Gate Entertainment Corp. (NYSE:LGF) in a research note issued to investors on Monday morning. The brokerage currently has a a buy rating on the stock.
A number of other brokerages also recently weighed in on LGF. B. Riley reaffirmed a buy rating and set a $30.00 target price on shares of Lions Gate Entertainment Corp. in a research note on Sunday, June 5th. Piper Jaffray Cos. reiterated a buy rating and set a $30.00 price target on shares of Lions Gate Entertainment Corp. in a report on Tuesday, June 7th. Zacks Investment Research cut shares of Lions Gate Entertainment Corp. from a hold rating to a sell rating in a report on Thursday, June 2nd. Vetr upgraded shares of Lions Gate Entertainment Corp. from a hold rating to a buy rating and set a $24.26 price target on the stock in a report on Wednesday, June 8th. Finally, Macquarie reiterated an outperform rating and set a $27.00 price target (up previously from $25.00) on shares of Lions Gate Entertainment Corp. in a report on Wednesday, June 1st. Seven 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. currently has a consensus rating of Buy and an average price target of $29.96.
Shares of Lions Gate Entertainment Corp. (NYSE:LGF) opened at 20.99 on Monday. The firm’s 50-day moving average is $20.91 and its 200-day moving average is $20.98. The company has a market cap of $3.10 billion, a PE ratio of 295.63 and a beta of 1.19. Lions Gate Entertainment Corp. has a one year low of $16.21 and a one year high of $41.41.
Lions Gate Entertainment Corp. (NYSE:LGF) last announced its earnings results 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. Lions Gate Entertainment Corp. had a net margin of 0.43% and a return on equity of 5.81%. The business earned $553.60 million during the quarter, compared to the consensus estimate of $494.34 million. During the same quarter last year, the firm earned $0.31 earnings per share. The business’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 $0.39 EPS for the current year.
In other Lions Gate Entertainment Corp. news, CEO Jon Feltheimer sold 255,718 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $20.25, for a total value of $5,178,289.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gordon Crawford acquired 50,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was bought at an average cost of $21.70 per share, with a total value of $1,085,000.00. The disclosure for this purchase can be found here. 30.40% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. GW&K Investment Management LLC boosted its stake in Lions Gate Entertainment Corp. by 77.3% in the first quarter. GW&K Investment Management LLC now owns 631,119 shares of the company’s stock valued at $13,790,000 after buying an additional 275,129 shares during the period. Teachers Advisors Inc. boosted its stake in Lions Gate Entertainment Corp. by 13.4% in the first quarter. Teachers Advisors Inc. now owns 596,815 shares of the company’s stock valued at $13,040,000 after buying an additional 70,742 shares during the period. Aston Asset Management LLC bought a new stake in Lions Gate Entertainment Corp. during the first quarter valued at about $1,351,000. BlackRock Inc. boosted its stake in Lions Gate Entertainment Corp. by 120.9% in the first quarter. BlackRock Inc. now owns 13,279 shares of the company’s stock valued at $290,000 after buying an additional 7,268 shares during the period. Finally, BlackRock Group LTD boosted its stake in Lions Gate Entertainment Corp. by 274.7% in the first quarter. BlackRock Group LTD now owns 199,790 shares of the company’s stock valued at $4,365,000 after buying an additional 146,472 shares during the period. 95.97% of the stock is owned by institutional investors.
About Lions Gate Entertainment Corp.
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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