Lions Gate Entertainment Corp. (NYSE:LGF) had its target price cut by Wunderlich from $28.00 to $26.00 in a research note released on Thursday morning. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. B. Riley reaffirmed a buy rating and issued a $34.00 target price on shares of Lions Gate Entertainment Corp. in a research note on Tuesday, September 20th. KeyCorp reaffirmed an overweight rating and issued a $24.00 target price (down from $27.00) on shares of Lions Gate Entertainment Corp. in a research note on Tuesday, July 5th. Sanford C. Bernstein reaffirmed a market perform rating on shares of Lions Gate Entertainment Corp. in a research note on Sunday, September 4th. Jefferies Group reaffirmed a buy rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, August 22nd. Finally, FBR & Co raised their target price on shares of Lions Gate Entertainment Corp. from $23.00 to $25.00 and gave the company an outperform rating in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $28.31.

Analyst Recommendations for Lions Gate Entertainment Corp. (NYSE:LGF)

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded down 0.16% on Thursday, hitting $18.66. 1,014,038 shares of the stock were exchanged. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 262.82 and a beta of 1.30. The company has a 50 day moving average of $20.55 and a 200 day moving average of $20.73. Lions Gate Entertainment Corp. has a 52-week low of $16.21 and a 52-week high of $41.41.

Lions Gate Entertainment Corp. (NYSE:LGF) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $553.60 million for the quarter, compared to the consensus estimate of $494.34 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. Equities research analysts forecast that Lions Gate Entertainment Corp. will post $0.40 earnings per share for the current year.

In related news, CEO Jon Feltheimer sold 255,718 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was 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 SEC, which is available through this link. Also, Director Gordon Crawford purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was 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. 30.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fairpointe Capital LLC boosted its position in Lions Gate Entertainment Corp. by 34.3% in the second quarter. Fairpointe Capital LLC now owns 5,904,654 shares of the company’s stock worth $119,451,000 after buying an additional 1,507,052 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Lions Gate Entertainment Corp. during the second quarter valued at about $70,502,000. Neuberger Berman Group LLC boosted its stake in shares of Lions Gate Entertainment Corp. by 10.9% in the second quarter. Neuberger Berman Group LLC now owns 2,567,396 shares of the company’s stock valued at $51,938,000 after buying an additional 252,217 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Lions Gate Entertainment Corp. by 2.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,352,551 shares of the company’s stock valued at $47,592,000 after buying an additional 52,253 shares during the period. Finally, Sarbit Advisory Services Inc. boosted its stake in shares of Lions Gate Entertainment Corp. by 52.2% in the second quarter. Sarbit Advisory Services Inc. now owns 1,457,500 shares of the company’s stock valued at $29,485,000 after buying an additional 500,000 shares during the period. 95.97% of the stock is currently owned by 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.

5 Day Chart for NYSE:LGF

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