Sarbit Advisory Services adds Lions Gate Entertainment Corp. (USA) (LGF) to its portfolio

Lions Gate Entertainment Corp. (USA) (LGF) : Sarbit Advisory Services added new position in Lions Gate Entertainment Corp. (USA) during the most recent quarter end. The investment management firm now holds 957,500 shares of Lions Gate Entertainment Corp. (USA) which is valued at $19.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Lions Gate Entertainment Corp. (USA) makes up approximately 3.42% of Sarbit Advisory Services’s portfolio.

Other Hedge Funds, Including , Capital Analysts sold out all of its stake in LGF during the most recent quarter. The investment firm sold 17,396 shares of LGF which is valued $353,487. Tredje Ap-fonden sold out all of its stake in LGF during the most recent quarter. The investment firm sold 35,000 shares of LGF which is valued $711,200. Trexquant Investment Lp sold out all of its stake in LGF during the most recent quarter. The investment firm sold 14,100 shares of LGF which is valued $286,512.Blackrock Investment Management reduced its stake in LGF by selling 3,092 shares or 6.71% in the most recent quarter. The Hedge Fund company now holds 42,962 shares of LGF which is valued at $872,988. New Jersey Better Educational Savings Trust sold out all of its stake in LGF during the most recent quarter. The investment firm sold 21,000 shares of LGF which is valued $466,200.

Lions Gate Entertainment Corp. (USA) opened for trading at $19.72 and hit $20.08 on the upside on Wednesday, eventually ending the session at $19.76, with a gain of 0.20% or 0.04 points. The heightened volatility saw the trading volume jump to 39,20,723 shares. Company has a market cap of $2,964 M.

On the company’s financial health, Lions Gate Entertainment Corp. (USA) reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.07. The company had revenue of $791.20 million for the quarter, compared to analysts expectations of $743.00 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Lions Gate Entertainment Corp. (USA). Shares were Reiterated by Barrington Research on Apr 11, 2016 to “Outperform” and Lowered the Price Target to $ 28 from a previous price target of $30 .RBC Capital Mkts Initiated Lions Gate Entertainment Corp. (USA) on Apr 8, 2016 to “Sector Perform”, Price Target of the shares are set at $22.Pacific Crest Initiated Lions Gate Entertainment Corp. (USA) on Mar 29, 2016 to “Overweight”, Price Target of the shares are set at $27.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution television programming and syndication home entertainment digital distribution channel platforms and international distribution and sales. The Company operates through two segments: 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 global distribution rights North American theatrical home entertainment and television distribution of feature films produced and acquired and global licensing of distribution rights to feature films produced and acquired. The Company’s Television Production segment consists of the development production and global distribution of television productions including television series television movies and mini-series and non-fiction programming.

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