Lions Gate Entertainment Corp. (USA) (LGF) was Reiterated by Barrington Research to “Outperform” while Lowering the Price Target of the company shares to $ 28 from a previous price target of $30 . Barrington Research advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on Lions Gate Entertainment Corp. (USA). 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. (USA) was Downgraded by Stifel to ” Hold” on Mar 21, 2016.
On the company’s financial health, Lions Gate Entertainment Corp. (USA) reported $0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $0.63. The company had revenue of $670.50 million for the quarter, compared to analysts expectations of $769.93 million. The company’s revenue was down -10.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.
Lions Gate Entertainment Corp. (USA) closed down -0.3 points or -1.49% at $19.9 with 17,28,788 shares getting traded on Monday. Post opening the session at $20.14, the shares hit an intraday low of $19.835 and an intraday high of $20.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 19, 2015, Scott Paterson (director) sold 40,000 shares at $37.42 per share price. According to the SEC, on Oct 1, 2015, Steve Beeks (Co-Chief Operating Officer) sold 20,000 shares at $36.97 per share price. On May 1, 2015, Arthur Evrensel (director) sold 23,000 shares at $31.41 per share price, according to the Form-4 filing with the securities and exchange commission.
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.