Lourd Capital buys $2,523,509 stake in Lions Gate Entertainment Corp. (USA) (LGF)

Lions Gate Entertainment Corp. (USA) (LGF) : Lourd Capital scooped up 42,488 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 Aug 1, 2016. The investment management firm now holds a total of 133,519 shares of Lions Gate Entertainment Corp. (USA) which is valued at $2,523,509.Lions Gate Entertainment Corp. (USA) makes up approximately 0.70% of Lourd Capital’s portfolio.

Other Hedge Funds, Including , Gilder Gagnon Howe Co sold out all of its stake in LGF during the most recent quarter. The investment firm sold 57,003 shares of LGF which is valued $1,077,357. Kanaly Trust Co sold out all of its stake in LGF during the most recent quarter. The investment firm sold 139 shares of LGF which is valued $2,933.Handelsbanken Fonder Ab reduced its stake in LGF by selling 70,000 shares or 31.82% in the most recent quarter. The Hedge Fund company now holds 150,000 shares of LGF which is valued at $3,070,500. Lions Gate Entertainment Corp. (USA) makes up approx 0.12% of Handelsbanken Fonder Ab’s portfolio. Andor Capital Management L.l.c. sold out all of its stake in LGF during the most recent quarter. The investment firm sold 450,000 shares of LGF which is valued $8,595,000.

Lions Gate Entertainment Corp. (USA) opened for trading at $18.93 and hit $19.15 on the upside on Thursday, eventually ending the session at $19.04, with a gain of 0.74% or 0.14 points. The heightened volatility saw the trading volume jump to 41,92,789 shares. Company has a market cap of $2,803 M.

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). Shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $32 .Company shares were Reiterated by FBR Capital on Aug 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $25 .Lions Gate Entertainment Corp. (USA) was Downgraded by Bernstein to ” Mkt Perform” on Jul 14, 2016.

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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