Tanaka Capital Management Inc buys $2,154,761 stake in Lions Gate Entertainment Corp. (USA) (LGF)

Lions Gate Entertainment Corp. (USA) (LGF) : Tanaka Capital Management Inc scooped up 77,625 additional shares in Lions Gate Entertainment Corp. (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 101,115 shares of Lions Gate Entertainment Corp. (USA) which is valued at $2,154,761.Lions Gate Entertainment Corp. (USA) makes up approximately 5.25% of Tanaka Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Capital Guardian Trust Co added LGF to its portfolio by purchasing 1,175 company shares during the most recent quarter which is valued at $25,039.Gmt Capital Corp reduced its stake in LGF by selling 217,000 shares or 50.23% in the most recent quarter. The Hedge Fund company now holds 215,000 shares of LGF which is valued at $4,732,150. Lions Gate Entertainment Corp. (USA) makes up approx 0.11% of Gmt Capital Corp’s portfolio. Princeton Alpha Management Lp added LGF to its portfolio by purchasing 36,332 company shares during the most recent quarter which is valued at $748,803. Lions Gate Entertainment Corp. (USA) makes up approx 0.13% of Princeton Alpha Management Lp’s portfolio.Concert Wealth Management boosted its stake in LGF in the latest quarter, The investment management firm added 496 additional shares and now holds a total of 10,699 shares of Lions Gate Entertainment Corp. (USA) which is valued at $213,873. Lions Gate Entertainment Corp. (USA) makes up approx 0.03% of Concert Wealth Management’s portfolio. Calamos Advisors sold out all of its stake in LGF during the most recent quarter. The investment firm sold 1,918,730 shares of LGF which is valued $38,681,597.

Lions Gate Entertainment Corp. (USA) closed down -0.75 points or -3.58% at $20.21 with 33,15,171 shares getting traded on Thursday. Post opening the session at $20.77, the shares hit an intraday low of $20.11 and an intraday high of $21.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Lions Gate Entertainment Corp. (USA) reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.08. The company had revenue of $553.60 million for the quarter, compared to analysts expectations of $494.51 million. The company’s revenue was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Lions Gate Entertainment Corp. (USA). Lions Gate Entertainment Corp. (USA) was Initiated by Loop Capital to “Buy” on Aug 9, 2016. Shares were Reiterated by FBR Capital on Aug 5, 2016 to “Outperform” and Lowered the Price Target to $ 30 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 24 from a previous price target of $23 .

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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