Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “overweight” rating reiterated by analysts at Pacific Crest in a research note issued to investors on Saturday. They presently have a $30.00 price objective on the stock. Pacific Crest’s price objective suggests a potential upside of 14.99% from the company’s previous close.

LGF has been the subject of a number of other reports. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price target on shares of Lions Gate Entertainment Corp. in a report on Thursday, January 12th. Wunderlich reissued a “buy” rating and issued a $31.00 price target (up from $26.00) on shares of Lions Gate Entertainment Corp. in a report on Thursday, January 5th. Morgan Stanley began coverage on shares of Lions Gate Entertainment Corp. in a report on Wednesday, January 4th. They issued an “overweight” rating for the company. Argus began coverage on shares of Lions Gate Entertainment Corp. in a report on Tuesday, December 27th. They issued a “buy” rating for the company. Finally, B. Riley reissued a “buy” rating and issued a $36.00 price target on shares of Lions Gate Entertainment Corp. in a report on Wednesday, March 8th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $29.57.

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

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) remained flat at $26.09 during midday trading on Friday. The company’s 50-day moving average is $22.22 and its 200 day moving average is $21.05. Lions Gate Entertainment Corp. has a one year low of $16.21 and a one year high of $35.13.

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Several hedge funds have recently bought and sold shares of the company. Cadian Capital Management LP raised its stake in Lions Gate Entertainment Corp. by 812.6% in the third quarter. Cadian Capital Management LP now owns 3,650,499 shares of the company’s stock worth $72,973,000 after buying an additional 3,250,499 shares during the period. Peregrine Capital Management LLC bought a new stake in Lions Gate Entertainment Corp. during the third quarter worth about $28,950,000. UBS Oconnor LLC raised its stake in Lions Gate Entertainment Corp. by 91.4% in the third quarter. UBS Oconnor LLC now owns 2,851,385 shares of the company’s stock worth $56,999,000 after buying an additional 1,361,385 shares during the period. Matrix Capital Management Company LP bought a new stake in Lions Gate Entertainment Corp. during the third quarter worth about $15,720,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Lions Gate Entertainment Corp. during the third quarter worth about $14,464,000. 96.70% of the stock is owned by institutional investors and hedge funds.

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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