Lions Gate Entertainment Corp. (USA) (LGF) was Downgraded by Bernstein to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Bernstein advised their investors in a research report released on Jul 14, 2016.
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 .
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.
Lions Gate Entertainment Corp. (USA) opened for trading at $19.6 and hit $20.03 on the upside on Wednesday, eventually ending the session at $19.82, with a gain of 1.12% or 0.22 points. The heightened volatility saw the trading volume jump to 31,35,333 shares. Company has a market cap of $2,918 M.
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.