Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “buy” rating reiterated by equities researchers at Loop Capital in a report issued on Saturday. They currently have a $30.00 target price on the stock. Loop Capital’s price objective points to a potential upside of 14.99% from the company’s previous close.

Several other research firms have also recently issued reports on LGF. Brean Capital reaffirmed a “buy” rating and set a $30.00 price objective (up from $27.00) on shares of Lions Gate Entertainment Corp. in a research report on Friday, December 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price objective (up from $26.00) on shares of Lions Gate Entertainment Corp. in a research report on Tuesday, January 31st. B. Riley assumed coverage on shares of Lions Gate Entertainment Corp. in a research report on Friday, December 9th. They set a “buy” rating and a $34.00 price objective for the company. Sanford C. Bernstein raised shares of Lions Gate Entertainment Corp. from a “mkt perform” rating to an “outperform” rating and lifted their price objective for the stock from $22.00 to $32.00 in a research report on Tuesday, January 17th. Finally, Morgan Stanley assumed coverage on shares of Lions Gate Entertainment Corp. in a research report on Wednesday, January 4th. They set an “overweight” rating for the company. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $29.57.

Analyst Recommendations for Lions Gate Entertainment Corp. (NYSE:LGF)

Lions Gate Entertainment Corp. (NYSE:LGF) remained flat at $26.09 during midday trading on Friday. Lions Gate Entertainment Corp. has a 12-month low of $16.21 and a 12-month high of $35.13. The firm has a 50 day moving average price of $22.22 and a 200-day moving average price of $21.05.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Salem Investment Counselors Inc. raised 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 worth $1,516,000 after buying an additional 5,485 shares during the period. Shapiro Capital Management LLC raised 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 worth $122,272,000 after buying an additional 493,571 shares during the period. Matrix Capital Management Company LP purchased a new position in shares of Lions Gate Entertainment Corp. during the third quarter worth about $15,720,000. Clinton Group Inc. raised its position in shares of Lions Gate Entertainment Corp. by 215.0% in the third quarter. Clinton Group Inc. now owns 206,072 shares of the company’s stock worth $4,119,000 after buying an additional 140,652 shares during the period. Finally, Clearline Capital LP raised its position in shares of Lions Gate Entertainment Corp. by 646.4% in the third quarter. Clearline Capital LP now owns 559,829 shares of the company’s stock worth $11,191,000 after buying an additional 484,829 shares during the period. Institutional investors and hedge funds own 96.70% of the company’s stock.

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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