Trading Report: The UBS Asset Management Americas Inc. invests in Lions Gate Entertainment Corp. (LGF) Shares

The UBS Asset Management Americas Inc. invests in Lions Gate Entertainment Corp. (LGF) Shares

UBS Asset Management Americas Inc. boosted its stake in Lions Gate Entertainment Corp. (NYSE:LGF) by 21.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,724 shares of the company’s stock after buying an additional 14,135 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.05% of Lions Gate Entertainment Corp. worth $1,613,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LGF. Teachers Advisors Inc. raised 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 valued at $13,040,000 after buying an additional 70,742 shares in the last quarter. 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 valued at $290,000 after buying an additional 7,268 shares during the last quarter. 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 valued at $4,365,000 after buying an additional 146,472 shares during the last quarter. BlackRock Japan Co. Ltd bought a new stake in shares of Lions Gate Entertainment Corp. during the first quarter valued at $141,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Lions Gate Entertainment Corp. by 76,398.3% in the first quarter. Canada Pension Plan Investment Board now owns 305,993 shares of the company’s stock valued at $6,686,000 after buying an additional 305,593 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded down 0.46% during mid-day trading on Wednesday, hitting $19.59. The stock had a trading volume of 237,022 shares. Lions Gate Entertainment Corp. has a one year low of $16.21 and a one year high of $41.41. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 275.92 and a beta of 1.30. The firm has a 50 day moving average of $20.68 and a 200 day moving average of $20.76.

Lions Gate Entertainment Corp. (NYSE:LGF) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.36. The business had revenue of $553.60 million for the quarter, compared to analyst estimates 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 for the quarter was up 35.4% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, analysts forecast that Lions Gate Entertainment Corp. will post $0.40 earnings per share for the current year.

Several brokerages have recently weighed in on LGF. B. Riley reaffirmed a “buy” rating and issued a $34.00 target price on shares of Lions Gate Entertainment Corp. in a research report on Tuesday, September 20th. KeyCorp reaffirmed an “overweight” rating and issued a $24.00 target price (down previously from $27.00) on shares of Lions Gate Entertainment Corp. in a research report on Tuesday, July 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lions Gate Entertainment Corp. in a research report on Sunday, September 4th. Jefferies Group reaffirmed a “buy” rating on shares of Lions Gate Entertainment Corp. in a research report on Monday, August 22nd. Finally, FBR & Co upped their target price on Lions Gate Entertainment Corp. from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, July 1st. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $28.41.

In related news, Director Gordon Crawford bought 50,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were purchased at an average price of $21.70 per share, for a total transaction of $1,085,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jon Feltheimer sold 255,718 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were 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. 30.40% of the stock is currently owned by company insiders.

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.

Related posts

Leave a Comment