Notable Runner: Lions Gate Entertainment Corp. (USA)’s Trend Up, Especially After Today’s Strong Session

Notable Runner: Lions Gate Entertainment Corp. (USA)'s Trend Up, Especially After Today's Strong Session

The stock of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) is a huge mover today! About 1.35M shares traded hands. Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has declined 5.26% since February 29, 2016 and is downtrending. It has underperformed by 17.48% the S&P500.
The move comes after 6 months positive chart setup for the $2.92 billion company. It was reported on Oct, 3 by Barchart.com. We have $25.73 PT which if reached, will make NYSE:LGF worth $817.60 million more.

Analysts await Lions Gate Entertainment Corp. (USA) (NYSE:LGF) to report earnings on November, 14. They expect $-0.13 earnings per share, up 50.00% or $0.13 from last year’s $-0.26 per share. After $0.09 actual earnings per share reported by Lions Gate Entertainment Corp. (USA) for the previous quarter, Wall Street now forecasts -244.44% negative EPS growth.

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) Ratings Coverage

Out of 13 analysts covering Lions Gate Entertainment Corp. (NYSE:LGF), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. Lions Gate Entertainment Corp. has been the topic of 32 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Friday, July 24 by Piper Jaffray. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, August 7 report. The company was maintained on Friday, February 26 by Topeka Capital Markets. The firm earned “Hold” rating on Monday, March 21 by Stifel Nicolaus. The firm earned “Outperform” rating on Friday, August 5 by FBR Capital. The stock of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) earned “Buy” rating by Brean Capital on Tuesday, September 6. The firm has “Buy” rating given on Tuesday, January 19 by Topeka Capital Markets. Loop Capital initiated the stock with “Buy” rating in Tuesday, August 9 report. On Tuesday, February 9 the stock rating was maintained by Barrington Research with “Outperform”. The rating was maintained by Wunderlich with “Buy” on Monday, February 8.

According to Zacks Investment Research, “Lions Gate Entertainment Corp. is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution and new channel platforms. It is engaged in the development and production of feature films, North American theatrical, home entertainment, and television distribution of feature films and worldwide licensing of distribution rights to feature films. Lions Gate Entertainment Corp. is headquartered in Vancouver, British Columbia.”

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.22, from 0.95 in 2016Q1. The ratio increased, as 36 funds sold all Lions Gate Entertainment Corp. (USA) shares owned while 69 reduced positions. 51 funds bought stakes while 72 increased positions. They now own 130.86 million shares or 1.65% more from 128.73 million shares in 2016Q1.
Hudson Bay Cap Mngmt Limited Partnership owns 23,000 shares or 0.01% of their US portfolio. Creative Planning reported 2,181 shares or 0% of all its holdings. First Mercantile Tru has 9,573 shares for 0.02% of their US portfolio. Fukoku Mutual Life Communications accumulated 4,200 shares or 0.02% of the stock. Omers Administration has 0.01% invested in the company for 24,600 shares. Janney Montgomery Scott Ltd Liability Company holds 6,762 shares or 0% of its portfolio. Advisory Service Ntwk Limited Liability Com, a Georgia-based fund reported 176 shares. Caisse De Depot Et Placement Du Quebec has invested 0.01% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Susquehanna Group Inc Ltd Liability Partnership last reported 0% of its portfolio in the stock. Millennium Mngmt holds 434,958 shares or 0.02% of its portfolio. New York State Common Retirement Fund has 224,200 shares for 0.01% of their US portfolio. Blackrock Institutional Trust Na accumulated 0.01% or 2.35M shares. Putnam Investments Ltd Llc holds 0.02% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 330,684 shares. Metropolitan Life Insurance Ny has 5,529 shares for 0% of their US portfolio. Moreover, Tocqueville Asset Mngmt Limited Partnership has 0.08% invested in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 302,649 shares.

Insider Transactions: Since August 9, 2016, the stock had 1 buy, and 1 sale for $4.09 million net activity. Crawford Gordon bought $1.09M worth of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) on Tuesday, August 9. FELTHEIMER JON also sold $5.18M worth of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) shares.

LGF Company Profile

Lions Gate Entertainment Corp., incorporated on April 28, 1997, 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 entertainment. The Firm operates through two divisions: Motion Pictures and Television Production. The Company’s Motion Pictures segment consists of the development and production of feature films, acquisition of North American and around the world distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and around the world licensing of distribution rights to feature films produced and acquired. The Company’s Television Production segment consists of the development, production and around the world distribution of television productions, including television series, television movies, and mini-series and non-fiction programming.

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