Trade Report: Today, Analyst lowers the estimated Q3 2017 for Lions Gate Entertainment Corp. (LGF)

Today, Analyst lowers the estimated Q3 2017 for Lions Gate Entertainment Corp. (LGF)

Lions Gate Entertainment Corp. (NYSE:LGF) – Research analysts at Barrington Research cut their Q3 2017 earnings estimates for Lions Gate Entertainment Corp. in a note issued to investors on Monday. Barrington Research analyst J. Goss now forecasts that the brokerage will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.28. Barrington Research also issued estimates for Lions Gate Entertainment Corp.’s Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at ($0.21) EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.30 EPS and FY2019 earnings at $0.65 EPS.

A number of other research firms also recently issued reports on LGF. B. Riley reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Lions Gate Entertainment Corp. in a research note on Thursday, November 10th. Zacks Investment Research raised Lions Gate Entertainment Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 8th. Argus reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Lions Gate Entertainment Corp. in a research note on Thursday, August 18th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, September 19th. Finally, Brean Capital set a $27.00 price objective on Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a research note on Monday, September 19th. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.11.

Lions Gate Entertainment Corp. (NYSE:LGF) opened at 23.66 on Wednesday. Lions Gate Entertainment Corp. has a one year low of $16.21 and a one year high of $35.65. The company’s 50 day moving average price is $21.07 and its 200-day moving average price is $20.81. The company has a market cap of $3.51 billion, a P/E ratio of 101.55 and a beta of 1.19.

In related news, CEO Jon Feltheimer sold 255,718 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $20.25, for a total transaction of $5,178,289.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gordon Crawford bought 40,000 shares of Lions Gate Entertainment Corp. stock in a transaction that occurred on Thursday, November 10th. The shares were acquired at an average cost of $23.04 per share, for a total transaction of $921,600.00. The disclosure for this purchase can be found here. 30.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of Lions Gate Entertainment Corp. by 3.9% in the second quarter. Legal & General Group Plc now owns 7,830 shares of the company’s stock valued at $159,000 after buying an additional 292 shares in the last quarter. Whittier Trust Co. raised its position in shares of Lions Gate Entertainment Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 36,072 shares of the company’s stock valued at $729,000 after buying an additional 431 shares in the last quarter. First Mercantile Trust Co. raised its position in shares of Lions Gate Entertainment Corp. by 5.1% in the third quarter. First Mercantile Trust Co. now owns 10,061 shares of the company’s stock valued at $201,000 after buying an additional 488 shares in the last quarter. Concert Wealth Management Inc. raised its position in shares of Lions Gate Entertainment Corp. by 4.9% in the second quarter. Concert Wealth Management Inc. now owns 10,699 shares of the company’s stock valued at $216,000 after buying an additional 496 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Lions Gate Entertainment Corp. by 13.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,894 shares of the company’s stock valued at $138,000 after buying an additional 824 shares in the last quarter.

Lions Gate Entertainment Corp. Company Profile

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