Lions Gate Entertainment Corp. (USA) (LGF) : Andor Capital Management L.l.c. has sold out all of its stake in Lions Gate Entertainment Corp. (USA) during the most recent quarter, according to the disclosure filed by the company on Jul 5, 2016 with the SEC. The investment management company has sold out 450,000 shares of Lions Gate Entertainment Corp. (USA) which is valued at $8,595,000.
Lions Gate Entertainment Corp. (USA) opened for trading at $19.29 and hit $19.29 on the upside on Monday, eventually ending the session at $19.23, with a gain of 0.68% or 0.13 points. The heightened volatility saw the trading volume jump to 28,15,329 shares. Company has a market cap of $2,831 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). Company shares were Reiterated by FBR Capital on Jul 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .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.
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.