Eagle Asset Management Inc. raised its stake in Lions Gate Entertainment Corp. (NYSE:LGF) by 8.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 735,321 shares of the company’s stock after buying an additional 54,696 shares during the period. Eagle Asset Management Inc. owned approximately 0.50% of Lions Gate Entertainment Corp. worth $14,699,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Primecap Management Co. CA acquired a new position in shares of Lions Gate Entertainment Corp. during the second quarter valued at approximately $70,502,000. Fairpointe Capital LLC raised its position in shares of 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 valued at $119,451,000 after buying an additional 1,507,052 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Lions Gate Entertainment Corp. during the second quarter valued at approximately $17,857,000. Point72 Asset Management L.P. acquired a new position in shares of Lions Gate Entertainment Corp. during the second quarter valued at approximately $12,397,000. Finally, Sarbit Advisory Services Inc. raised its position in shares of 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 valued at $29,485,000 after buying an additional 500,000 shares during the period. Institutional investors own 96.70% of the company’s stock.

Institutional Ownership by Quarter for Lions Gate Entertainment Corp. (NYSE:LGF)

Lions Gate Entertainment Corp. (NYSE:LGF) traded up 0.34% during midday trading on Wednesday, reaching $23.40. 1,130,126 shares of the company’s stock traded hands. The stock has a 50-day moving average of $21.18 and a 200 day moving average of $20.84. The company has a market cap of $3.47 billion, a P/E ratio of 100.43 and a beta of 1.19. Lions Gate Entertainment Corp. has a 52-week low of $16.21 and a 52-week high of $35.65.

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LGF has been the topic of a number of research analyst reports. Stifel Nicolaus set a $22.00 target price on shares of Lions Gate Entertainment Corp. and gave the company a “hold” rating in a research note on Monday, October 3rd. Jefferies Group reiterated a “buy” rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, August 22nd. Wunderlich lowered their target price on shares of Lions Gate Entertainment Corp. from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, October 13th. Zacks Investment Research lowered shares of Lions Gate Entertainment Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Finally, Morgan Stanley initiated coverage on shares of Lions Gate Entertainment Corp. in a research note on Monday, October 31st. They issued an “overweight” rating and a $25.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $28.11.

In other news, CEO Jon Feltheimer sold 255,718 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $20.25, for a total value of $5,178,289.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gordon Crawford bought 40,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was bought at an average cost of $23.04 per share, with a total value of $921,600.00. The disclosure for this purchase can be found here. Corporate insiders own 30.40% of the company’s stock.

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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