Lions Gate Entertainment Corp. (NYSE:LGF) Director Arthur Evrensel bought 2,600 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were purchased at an average cost of $18.60 per share, with a total value of $48,360.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lions Gate Entertainment Corp. (NYSE:LGF) traded up 0.75% during trading on Tuesday, hitting $18.72. The company had a trading volume of 1,827,951 shares. Lions Gate Entertainment Corp. has a 1-year low of $16.21 and a 1-year high of $41.41. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 263.66 and a beta of 1.30. The company’s 50 day moving average price is $20.36 and its 200-day moving average price is $20.66.

Lions Gate Entertainment Corp. (NYSE:LGF) last issued its quarterly earnings data 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. The business 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%. The firm’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 EPS. On average, analysts expect that Lions Gate Entertainment Corp. will post $0.40 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in LGF. Legal & General Group Plc boosted its stake 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 valued at $159,000 after buying an additional 292 shares during the last quarter. Whittier Trust Co. boosted its stake in Lions Gate Entertainment Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 36,072 shares of the company’s stock valued at $729,000 after buying an additional 431 shares during the last quarter. First Mercantile Trust Co. boosted its stake in Lions Gate Entertainment Corp. by 5.1% in the third quarter. First Mercantile Trust Co. now owns 10,061 shares of the company’s stock valued at $201,000 after buying an additional 488 shares during the last quarter. Concert Wealth Management Inc. boosted its stake in Lions Gate Entertainment Corp. by 4.9% in the second quarter. Concert Wealth Management Inc. now owns 10,699 shares of the company’s stock valued at $216,000 after buying an additional 496 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. boosted its stake in Lions Gate Entertainment Corp. by 3.4% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 27,636 shares of the company’s stock valued at $559,000 after buying an additional 901 shares during the last quarter. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on LGF shares. Sanford C. Bernstein downgraded Lions Gate Entertainment Corp. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $34.00 to $22.00 in a report on Wednesday, July 13th. KeyCorp reissued an “overweight” rating and set a $24.00 target price (down previously from $27.00) on shares of Lions Gate Entertainment Corp. in a report on Tuesday, July 5th. Stifel Nicolaus set a $22.00 target price on Lions Gate Entertainment Corp. and gave the stock a “hold” rating in a report on Monday, October 3rd. Jefferies Group reissued a “buy” rating on shares of Lions Gate Entertainment Corp. in a report on Monday, August 22nd. Finally, FBR & Co lifted their target price on Lions Gate Entertainment Corp. from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $28.31.

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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