Lions Gate Entertainment Corp. (NYSE:LGF) Director Gordon Crawford purchased 40,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was bought at an average cost of $23.04 per share, for a total transaction of $921,600.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Lions Gate Entertainment Corp. (NYSE:LGF) opened at 22.99 on Thursday. Lions Gate Entertainment Corp. has a one year low of $16.21 and a one year high of $38.04. The stock has a market cap of $3.41 billion, a P/E ratio of 98.67 and a beta of 1.19. The stock’s 50 day moving average price is $20.65 and its 200-day moving average price is $20.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position 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 in the last quarter. National Planning Corp increased its position in Lions Gate Entertainment Corp. by 27.1% in the first quarter. National Planning Corp now owns 14,567 shares of the company’s stock valued at $314,000 after buying an additional 3,109 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Lions Gate Entertainment Corp. by 144.7% in the first quarter. Envestnet Asset Management Inc. now owns 42,881 shares of the company’s stock valued at $937,000 after buying an additional 25,355 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Lions Gate Entertainment Corp. during the first quarter valued at about $221,000. Finally, Peconic Partners LLC increased its position in Lions Gate Entertainment Corp. by 33.3% in the first quarter. Peconic Partners LLC now owns 20,000 shares of the company’s stock valued at $437,000 after buying an additional 5,000 shares in the last quarter. 96.33% of the stock is currently owned by hedge funds and other institutional investors.

LGF has been the topic of several recent research reports. Stifel Nicolaus set a $22.00 price target 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. Wunderlich cut their price target on Lions Gate Entertainment Corp. from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, October 13th. Zacks Investment Research downgraded Lions Gate Entertainment Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Finally, Morgan Stanley initiated coverage on Lions Gate Entertainment Corp. in a report on Monday, October 31st. They issued an “overweight” rating and a $25.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $28.11.

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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