Today: Today, Brokerages Set Lions Gate Entertainment Corp. (LGF) Price Target at $28.43

Today, Brokerages Set Lions Gate Entertainment Corp. (LGF) Price Target at $28.43

Lions Gate Entertainment Corp. (NYSE:LGF) has earned a consensus recommendation of “Buy” from the twenty-three ratings firms that are covering the firm. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $28.43.

A number of brokerages recently commented on LGF. B. Riley reissued a “buy” rating and issued a $34.00 price target on shares of Lions Gate Entertainment Corp. in a report on Thursday, August 11th. Piper Jaffray Cos. set a $30.00 price target on Lions Gate Entertainment Corp. and gave the company a “buy” rating in a report on Saturday, October 1st. Jefferies Group reissued a “buy” rating on shares of Lions Gate Entertainment Corp. in a report on Monday, August 22nd. FBR & Co increased their price target on Lions Gate Entertainment Corp. from $25.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Finally, Zacks Investment Research raised Lions Gate Entertainment Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 4th.

In other news, CEO Jon Feltheimer sold 255,718 shares of Lions Gate Entertainment Corp. stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur Evrensel purchased 2,600 shares of the stock in a transaction dated Monday, October 17th. The shares were purchased at an average price of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. Insiders own 30.40% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA bought a new stake in Lions Gate Entertainment Corp. during the second quarter valued at $70,502,000. Cadian Capital Management LP raised its stake in Lions Gate Entertainment Corp. by 812.6% in the third quarter. Cadian Capital Management LP now owns 3,650,499 shares of the company’s stock valued at $72,973,000 after buying an additional 3,250,499 shares in the last quarter. Fairpointe Capital LLC raised 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 valued at $119,451,000 after buying an additional 1,507,052 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in Lions Gate Entertainment Corp. during the third quarter valued at $28,950,000. Finally, UBS Oconnor LLC raised its stake in Lions Gate Entertainment Corp. by 91.4% in the third quarter. UBS Oconnor LLC now owns 2,851,385 shares of the company’s stock valued at $56,999,000 after buying an additional 1,361,385 shares in the last quarter.

Lions Gate Entertainment Corp. (NYSE:LGF) opened at 23.37 on Tuesday. The stock has a 50 day moving average price of $21.13 and a 200-day moving average price of $20.82. Lions Gate Entertainment Corp. has a 12-month low of $16.21 and a 12-month high of $35.65. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 100.30 and a beta of 1.19.

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