Lions Gate Entertainment Corp. (NYSE:LGF) – Equities research analysts at Barrington Research decreased their Q3 2017 earnings per share (EPS) estimates for shares of Lions Gate Entertainment Corp. in a note issued to investors on Monday. Barrington Research analyst J. Goss now anticipates that the firm will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.28. Barrington Research also issued estimates for Lions Gate Entertainment Corp.’s Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at ($0.21) EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.30 EPS and FY2019 earnings at $0.65 EPS.

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

A number of other research analysts have also commented on LGF. B. Riley set a $30.00 target price on Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a report on Monday, August 1st. FBR & Co lifted their target price on Lions Gate Entertainment Corp. from $25.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Wunderlich lowered their target price on Lions Gate Entertainment Corp. from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Zacks Investment Research raised Lions Gate Entertainment Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Finally, RBC Capital Markets reaffirmed a “hold” rating and set a $24.00 target price (up from $23.00) on shares of Lions Gate Entertainment Corp. in a report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $28.11.

Lions Gate Entertainment Corp. (NYSE:LGF) opened at 23.66 on Wednesday. The stock’s 50 day moving average is $21.07 and its 200-day moving average is $20.81. 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 P/E ratio of 101.55 and a beta of 1.19.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Lions Gate Entertainment Corp. by 16.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,395 shares of the company’s stock worth $867,000 after buying an additional 6,100 shares during the last quarter. Credit Suisse AG increased its position in shares of Lions Gate Entertainment Corp. by 113.1% in the third quarter. Credit Suisse AG now owns 479,708 shares of the company’s stock valued at $9,590,000 after buying an additional 254,614 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Lions Gate Entertainment Corp. by 7.8% in the third quarter. Salem Investment Counselors Inc. now owns 75,847 shares of the company’s stock valued at $1,516,000 after buying an additional 5,485 shares in the last quarter. Shapiro Capital Management LLC increased its position in shares of Lions Gate Entertainment Corp. by 8.8% in the third quarter. Shapiro Capital Management LLC now owns 6,116,671 shares of the company’s stock valued at $122,272,000 after buying an additional 493,571 shares in the last quarter. Finally, Matrix Capital Management Company LP acquired a new position in shares of Lions Gate Entertainment Corp. during the third quarter valued at approximately $15,720,000.

In related news, Director Gordon Crawford acquired 40,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were acquired at an average cost of $23.04 per share, with a total value of $921,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arthur Evrensel acquired 2,600 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was bought at an average cost of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. Insiders own 30.40% of the company’s stock.

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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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