Today: Lions Gate Entertainment Corp. (LGF) Receives “Buy” Rating from Brean Capital

Today: Lions Gate Entertainment Corp. (LGF) Receives “Buy” Rating from Brean Capital

Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “buy” rating reaffirmed by research analysts at Brean Capital in a research report issued to clients and investors on Monday. They presently have a $27.00 price target on the stock. Brean Capital’s price target points to a potential upside of 15.53% from the company’s previous close.

Several other research firms also recently weighed in on LGF. Stifel Nicolaus set a $22.00 target price on shares of Lions Gate Entertainment Corp. and gave the stock a “hold” rating in a research report on Monday, October 3rd. Jefferies Group reissued a “buy” rating on shares of Lions Gate Entertainment Corp. in a research report on Monday, August 22nd. Wunderlich dropped their target price on shares of Lions Gate Entertainment Corp. from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, October 13th. Zacks Investment Research downgraded shares of Lions Gate Entertainment Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Finally, Morgan Stanley began coverage on shares of Lions Gate Entertainment Corp. in a research report on Monday, October 31st. They issued an “overweight” rating and a $25.00 target price for the company. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.11.

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded down 1.348% during midday trading on Monday, reaching $23.055. 3,901,911 shares of the company were exchanged. The company’s 50-day moving average price is $21.13 and its 200 day moving average price is $20.82. Lions Gate Entertainment Corp. has a 52-week low of $16.21 and a 52-week high of $35.65. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 98.949 and a beta of 1.19.

In other Lions Gate Entertainment Corp. news, Director Gordon Crawford bought 40,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was acquired at an average cost 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 is available through this hyperlink. Also, Director Arthur Evrensel bought 2,600 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The shares were acquired at an average cost of $18.60 per share, with a total value of $48,360.00. The disclosure for this purchase can be found here. Corporate insiders own 30.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Shapiro Capital Management LLC raised its stake in Lions Gate Entertainment Corp. by 8.8% in the third quarter. Shapiro Capital Management LLC now owns 6,116,671 shares of the company’s stock valued at $122,272,000 after buying an additional 493,571 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. LLBH Private Wealth Management LLC raised its stake in Lions Gate Entertainment Corp. by 9.7% in the third quarter. LLBH Private Wealth Management LLC now owns 3,721,396 shares of the company’s stock valued at $74,391,000 after buying an additional 329,372 shares in the last quarter. 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. Finally, Primecap Management Co. CA purchased a new stake in Lions Gate Entertainment Corp. during the second quarter worth about $70,502,000. 96.70% of the stock is owned by institutional investors and hedge funds.

About Lions Gate Entertainment Corp.

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