Jefferies Group Lowers stake in Lions Gate Entertainment Corp. (USA) (LGF)

Lions Gate Entertainment Corp. (USA) (LGF) : Jefferies Group reduced its stake in Lions Gate Entertainment Corp. (USA) by 6.37% during the most recent quarter end. The investment management company now holds a total of 2,905,603 shares of Lions Gate Entertainment Corp. (USA) which is valued at $61,918,400 after selling 197,697 shares in Lions Gate Entertainment Corp. (USA) , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Lions Gate Entertainment Corp. (USA) makes up approximately 2.12% of Jefferies Group’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in LGF by selling 24,882 shares or 46.49% in the most recent quarter. The Hedge Fund company now holds 28,639 shares of LGF which is valued at $610,297.Ubs Asset Management Americas Inc boosted its stake in LGF in the latest quarter, The investment management firm added 14,135 additional shares and now holds a total of 79,724 shares of Lions Gate Entertainment Corp. (USA) which is valued at $1,754,725.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.Cambridge Investment Research Advisors boosted its stake in LGF in the latest quarter, The investment management firm added 1,354 additional shares and now holds a total of 10,884 shares of Lions Gate Entertainment Corp. (USA) which is valued at $224,319. Trellus Management Company added LGF to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $208,600. Lions Gate Entertainment Corp. (USA) makes up approx 0.47% of Trellus Management Company’s portfolio.

Lions Gate Entertainment Corp. (USA) closed down -0.38 points or -1.80% at $20.74 with 25,48,710 shares getting traded on Monday. Post opening the session at $21.07, the shares hit an intraday low of $20.66 and an intraday high of $21.1 and the price fluctuated in this range throughout the day.Shares ended Monday 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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