Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a report issued on Tuesday. They presently have a $34.00 price objective on the stock. B. Riley’s target price points to a potential upside of 64.97% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Argus reaffirmed a “buy” rating on shares of Lions Gate Entertainment Corp. in a research report on Saturday, July 9th. Vetr cut shares of Lions Gate Entertainment Corp. from a “strong-buy” rating to a “buy” rating and set a $24.26 price objective on the stock. in a research report on Wednesday, June 15th. Jefferies Group reissued a “buy” rating on shares of Lions Gate Entertainment Corp. in a research report on Monday, August 22nd. Stifel Nicolaus reissued a “hold” rating on shares of Lions Gate Entertainment Corp. in a research report on Monday. Finally, Brean Capital set a $27.00 price target on shares of Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.96.

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) opened at 20.61 on Tuesday. The company has a 50 day moving average of $20.78 and a 200 day moving average of $21.00. The company has a market cap of $3.04 billion, a PE ratio of 290.28 and a beta of 1.19. Lions Gate Entertainment Corp. has a 1-year low of $16.21 and a 1-year high of $41.41.

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Lions Gate Entertainment Corp. (NYSE:LGF) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.36. The business had revenue of $553.60 million for the quarter, compared to analysts’ expectations of $494.34 million. Lions Gate Entertainment Corp. had a net margin of 0.43% and a return on equity of 5.81%. The firm’s revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Equities analysts expect that Lions Gate Entertainment Corp. will post $0.39 earnings per share for the current fiscal year.

In other news, Director Gordon Crawford purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was bought at an average price of $21.70 per share, with a total value of $1,085,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jon Feltheimer sold 255,718 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $20.25, for a total transaction of $5,178,289.50. The disclosure for this sale can be found here. Insiders own 30.40% of the company’s stock.

Several hedge funds have recently modified their holdings of LGF. GW&K Investment Management LLC increased its stake in shares of Lions Gate Entertainment Corp. by 77.3% in the first quarter. GW&K Investment Management LLC now owns 631,119 shares of the company’s stock worth $13,790,000 after buying an additional 275,129 shares during the period. Teachers Advisors Inc. increased its stake in shares of Lions Gate Entertainment Corp. by 13.4% in the first quarter. Teachers Advisors Inc. now owns 596,815 shares of the company’s stock worth $13,040,000 after buying an additional 70,742 shares during the period. Aston Asset Management LLC purchased a new stake in shares of Lions Gate Entertainment Corp. during the first quarter worth $1,351,000. BlackRock Inc. increased its stake in shares of Lions Gate Entertainment Corp. by 120.9% in the first quarter. BlackRock Inc. now owns 13,279 shares of the company’s stock worth $290,000 after buying an additional 7,268 shares during the period. Finally, BlackRock Group LTD increased its stake in shares of Lions Gate Entertainment Corp. by 274.7% in the first quarter. BlackRock Group LTD now owns 199,790 shares of the company’s stock worth $4,365,000 after buying an additional 146,472 shares during the period. 96.00% of the stock is owned by institutional investors.

About Lions Gate Entertainment Corp.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production.

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