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

Other research analysts have also recently issued research reports about the company. Vetr upgraded Lions Gate Entertainment Corp. from a “hold” rating to a “buy” rating and set a $24.26 price target on the stock in a research report on Wednesday, June 8th. Piper Jaffray Cos. restated a “buy” rating and issued a $30.00 price target on shares of Lions Gate Entertainment Corp. in a research report on Tuesday, June 7th. S&P Equity Research restated a “buy” rating on shares of Lions Gate Entertainment Corp. in a research report on Thursday, June 30th. Jefferies Group restated a “buy” rating and issued a $29.00 price target on shares of Lions Gate Entertainment Corp. in a research report on Friday, May 27th. Finally, Wunderlich restated a “buy” rating and issued a $32.00 price target on shares of Lions Gate Entertainment Corp. in a research report on Wednesday, May 25th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $29.96.

Lions Gate Entertainment Corp. (NYSE:LGF) opened at 20.51 on Tuesday. Lions Gate Entertainment Corp. has a 52-week low of $16.21 and a 52-week high of $41.41. The firm’s 50-day moving average is $20.78 and its 200-day moving average is $21.00. The firm has a market capitalization of $3.03 billion, a P/E ratio of 288.87 and a beta of 1.19.

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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 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.36. The firm had revenue of $553.60 million for the quarter, compared to analysts’ expectations of $494.34 million. Lions Gate Entertainment Corp. had a return on equity of 5.81% and a net margin of 0.43%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. On average, equities analysts expect that Lions Gate Entertainment Corp. will post $0.39 earnings per share for the current year.

In other Lions Gate Entertainment Corp. news, Director Gordon Crawford bought 50,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was acquired at an average cost of $21.70 per share, for a total transaction of $1,085,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon Feltheimer sold 255,718 shares of Lions Gate Entertainment Corp. stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $20.25, for a total value of $5,178,289.50. The disclosure for this sale can be found here. 30.40% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. GW&K Investment Management LLC increased its stake in 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 valued at $13,790,000 after buying an additional 275,129 shares in the last quarter. Teachers Advisors Inc. increased its stake in Lions Gate Entertainment Corp. by 13.4% in the first quarter. Teachers Advisors Inc. now owns 596,815 shares of the company’s stock valued at $13,040,000 after buying an additional 70,742 shares in the last quarter. Aston Asset Management LLC purchased a new stake in Lions Gate Entertainment Corp. during the first quarter valued at approximately $1,351,000. BlackRock Inc. increased its stake in Lions Gate Entertainment Corp. by 120.9% in the first quarter. BlackRock Inc. now owns 13,279 shares of the company’s stock valued at $290,000 after buying an additional 7,268 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in Lions Gate Entertainment Corp. by 274.7% in the first quarter. BlackRock Group LTD now owns 199,790 shares of the company’s stock valued at $4,365,000 after buying an additional 146,472 shares in the last quarter. Institutional investors and hedge funds own 96.00% 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, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production.

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