Kornitzer Capital Management Inc Ks buys $99,556,050 stake in Lions Gate Entertainment Corp. (USA) (LGF)

Lions Gate Entertainment Corp. (USA) (LGF) : Kornitzer Capital Management Inc Ks scooped up 159,378 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 May 2, 2016. The investment management firm now holds a total of 4,613,348 shares of Lions Gate Entertainment Corp. (USA) which is valued at $99,556,050.Lions Gate Entertainment Corp. (USA) makes up approximately 1.79% of Kornitzer Capital Management Inc Ks’s portfolio.

Lions Gate Entertainment Corp. (USA) closed down -0.17 points or -0.78% at $21.58 with 10,99,224 shares getting traded on Friday. Post opening the session at $21.64, the shares hit an intraday low of $21.23 and an intraday high of $21.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in LGF by selling 1,730 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 86,525 shares of LGF which is valued at $1,867,210. Lions Gate Entertainment Corp. (USA) makes up approx 0.01% of Rhumbline Advisers’s portfolio.Metlife Securities Inc boosted its stake in LGF in the latest quarter, The investment management firm added 77 additional shares and now holds a total of 2,634 shares of Lions Gate Entertainment Corp. (USA) which is valued at $53,813.Carroll Financial Associates boosted its stake in LGF in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 2,022 shares of Lions Gate Entertainment Corp. (USA) which is valued at $41,309. Lions Gate Entertainment Corp. (USA) makes up approx 0.01% of Carroll Financial Associates’s portfolio. Fox Run Management L.l.c. sold out all of its stake in LGF during the most recent quarter. The investment firm sold 8,700 shares of LGF which is valued $177,741.

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.

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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