Lions Gate Entertainment Corp. (NYSE:LGF) has earned an average recommendation of “Buy” from the twenty-three brokerages that are covering the stock. Four analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $28.43.

A number of research firms have recently commented on LGF. Royal Bank Of Canada upgraded Lions Gate Entertainment Corp. from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $24.00 to $31.00 in a report on Friday, November 4th. Zacks Investment Research downgraded Lions Gate Entertainment Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Pacific Crest reiterated a “buy” rating and issued a $24.00 price target on shares of Lions Gate Entertainment Corp. in a report on Friday, November 4th. Jefferies Group reiterated a “buy” rating and issued a $26.00 price target on shares of Lions Gate Entertainment Corp. in a report on Friday, November 4th. Finally, Wunderlich lowered their price target on Lions Gate Entertainment Corp. from $28.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, October 13th.

In related news, Director Arthur Evrensel acquired 2,600 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were acquired at an average price of $18.60 per share, for a total transaction of $48,360.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gordon Crawford acquired 40,000 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were bought 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. Corporate insiders own 30.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amica Retiree Medical Trust bought a new position in Lions Gate Entertainment Corp. during the second quarter worth approximately $105,000. IFP Advisors Inc raised 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 raised 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. bought a new position in Lions Gate Entertainment Corp. during the second quarter worth approximately $147,000. Finally, Legal & General Group Plc raised 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.

Lions Gate Entertainment Corp. (NYSE:LGF) remained flat at $23.67 on Tuesday. 2,580,550 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $20.90 and a 200-day moving average price of $20.77. Lions Gate Entertainment Corp. has a 1-year low of $16.21 and a 1-year high of $35.65. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 101.59 and a beta of 1.19.

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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