Lions Gate Entertainment Corp. (LGF) Rating Reiterated by Brean Capital
Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “buy” rating reaffirmed by Brean Capital in a note issued to investors on Monday. They presently have a $27.00 price objective on the stock. Brean Capital’s target price points to a potential upside of 15.78% from the company’s previous close.
A number of other equities analysts also recently weighed in on LGF. B. Riley set a $30.00 price target on Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a research report on Monday, August 1st. FBR & Co increased their price objective on Lions Gate Entertainment Corp. from $25.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Wunderlich cut their price objective on Lions Gate Entertainment Corp. from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Zacks Investment Research raised Lions Gate Entertainment Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Finally, RBC Capital Markets reissued a “hold” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Lions Gate Entertainment Corp. in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $28.11.
Shares of Lions Gate Entertainment Corp. (NYSE:LGF) opened at 23.32 on Monday. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 100.09 and a beta of 1.19. Lions Gate Entertainment Corp. has a one year low of $16.21 and a one year high of $35.65. The firm has a 50-day moving average of $21.18 and a 200 day moving average of $20.84.
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In other Lions Gate Entertainment Corp. news, Director Arthur Evrensel bought 2,600 shares of the firm’s stock in a transaction on Monday, October 17th. The shares were purchased at an average price of $18.60 per share, for a total transaction of $48,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gordon Crawford bought 40,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was acquired at an average price of $23.04 per share, for a total transaction of $921,600.00. The disclosure for this purchase can be found here. 30.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LGF. Amica Retiree Medical Trust acquired a new position in Lions Gate Entertainment Corp. during the second quarter worth about $105,000. IFP Advisors Inc boosted its position in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lions Gate Entertainment Corp. by 13.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,894 shares of the company’s stock worth $138,000 after buying an additional 824 shares in the last quarter. Advisor Group Inc. acquired a new position in Lions Gate Entertainment Corp. during the second quarter worth about $147,000. Finally, Legal & General Group Plc boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 96.70% of the company’s stock.
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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