Lions Gate Entertainment Corp. (NYSE:LGF) – Equities researchers at Jefferies Group cut their Q2 2017 earnings estimates for shares of Lions Gate Entertainment Corp. in a research note issued to investors on Monday. Jefferies Group analyst J. Janedis now anticipates that the firm will post earnings of ($0.28) per share for the quarter, down from their previous estimate of ($0.12). Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Lions Gate Entertainment Corp.’s FY2017 earnings at $0.35 EPS.

Lions Gate Entertainment Corp. (NYSE:LGF) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.36. The firm had revenue of $553.60 million for the quarter, compared to analysts’ expectations of $494.34 million. Lions Gate Entertainment Corp. had a net margin of 0.43% and a return on equity of 5.81%. The business’s quarterly revenue was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share.

Earnings History and Estimates for Lions Gate Entertainment Corp. (NYSE:LGF)

LGF has been the topic of several other research reports. B. Riley restated a “buy” rating and issued a $34.00 target price on shares of Lions Gate Entertainment Corp. in a report on Tuesday, September 20th. KeyCorp restated an “overweight” rating and issued a $24.00 target price (down previously from $27.00) on shares of Lions Gate Entertainment Corp. in a report on Tuesday, July 5th. Sanford C. Bernstein restated a “market perform” rating on shares of Lions Gate Entertainment Corp. in a report on Sunday, September 4th. FBR & Co raised their target price on shares of Lions Gate Entertainment Corp. from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, July 1st. Finally, Loop Capital assumed coverage on shares of Lions Gate Entertainment Corp. in a report on Tuesday, August 9th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $28.31.

Lions Gate Entertainment Corp. (NYSE:LGF) traded up 1.02% on Thursday, hitting $18.88. 2,519,527 shares of the stock traded hands. Lions Gate Entertainment Corp. has a 52-week low of $16.21 and a 52-week high of $41.41. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 265.92 and a beta of 1.30. The company’s 50 day moving average price is $20.49 and its 200-day moving average price is $20.72.

In related news, CEO Jon Feltheimer sold 255,718 shares of Lions Gate Entertainment Corp. stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $20.25, for a total transaction of $5,178,289.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gordon Crawford purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased 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. Corporate insiders own 30.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in 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 position in Lions Gate Entertainment Corp. during the second quarter worth approximately $70,502,000. Neuberger Berman Group LLC boosted its position in 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 worth $51,938,000 after buying an additional 252,217 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in 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 worth $47,592,000 after buying an additional 52,253 shares in the last quarter. Finally, Sarbit Advisory Services Inc. boosted its position in 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 worth $29,485,000 after buying an additional 500,000 shares in the last quarter. 95.97% of the stock is owned by hedge funds and other 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.

5 Day Chart for NYSE:LGF

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