Trading Report: Today, World Asset Management Inc Reached $280,000 position of Lions Gate Entertainment Corp. (LGF)

Today, World Asset Management Inc Reached $280,000 position  of Lions Gate Entertainment Corp. (LGF)

World Asset Management Inc boosted its stake in shares of Lions Gate Entertainment Corp. (NYSE:LGF) by 21.5% during the third quarter, Holdings Channel reports. The firm owned 14,025 shares of the company’s stock after buying an additional 2,484 shares during the period. World Asset Management Inc’s holdings in Lions Gate Entertainment Corp. were worth $280,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Primecap Management Co. CA bought a new stake in Lions Gate Entertainment Corp. during the second quarter worth approximately $70,502,000. Fairpointe Capital LLC increased its stake in Lions Gate Entertainment Corp. by 34.3% in the second quarter. Fairpointe Capital LLC now owns 5,904,654 shares of the company’s stock worth $119,451,000 after buying an additional 1,507,052 shares during the period. Westfield Capital Management Co. LP bought a new stake in Lions Gate Entertainment Corp. during the second quarter worth approximately $17,857,000. Point72 Asset Management L.P. bought a new stake in Lions Gate Entertainment Corp. during the second quarter worth approximately $12,397,000. Finally, Sarbit Advisory Services Inc. increased its stake in Lions Gate Entertainment Corp. by 52.2% in the second quarter. Sarbit Advisory Services Inc. now owns 1,457,500 shares of the company’s stock worth $29,485,000 after buying an additional 500,000 shares during the period.

Lions Gate Entertainment Corp. (NYSE:LGF) traded down 1.23% on Friday, hitting $23.37. 542,888 shares of the company were exchanged. The firm’s 50 day moving average is $21.13 and its 200 day moving average is $20.82. Lions Gate Entertainment Corp. has a 52 week low of $16.21 and a 52 week high of $35.65. The company has a market capitalization of $3.47 billion, a P/E ratio of 100.30 and a beta of 1.19.

LGF has been the subject of a number of research analyst reports. 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 Saturday, August 6th. FBR & Co cut their target price on shares of Lions Gate Entertainment Corp. from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, August 8th. Brean Capital set a $27.00 target price on shares of Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a research report on Monday, September 19th. Royal Bank Of Canada raised shares of Lions Gate Entertainment Corp. from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $24.00 to $31.00 in a research report on Friday, November 4th. Finally, Zacks Investment Research raised shares of Lions Gate Entertainment Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.11.

In other news, Director Gordon Crawford bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was bought at an average price of $23.04 per share, with a total value of $921,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon Feltheimer sold 255,718 shares of the 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. Corporate insiders own 30.40% 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, 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.

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