Lions Gate Entertainment Corp.’s (LGF) “Overweight” Rating Reaffirmed at Pacific Crest

Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “overweight” rating reiterated by investment analysts at Pacific Crest in a report issued on Saturday. They presently have a $30.00 price objective on the stock. Pacific Crest’s price target would suggest a potential upside of 14.99% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Loop Capital restated a “buy” rating and set a $30.00 target price on shares of Lions Gate Entertainment Corp. in a research report on Saturday, March 25th. B. Riley restated a “buy” rating and set a $36.00 target price on shares of Lions Gate Entertainment Corp. in a research report on Wednesday, March 8th. Wunderlich reaffirmed a “buy” rating and issued a $31.00 price target on shares of Lions Gate Entertainment Corp. in a report on Friday, February 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $30.00 price target (up previously from $26.00) on shares of Lions Gate Entertainment Corp. in a report on Tuesday, January 31st. Finally, Brean Capital reaffirmed a “buy” rating and issued a $32.00 price target on shares of Lions Gate Entertainment Corp. in a report on Monday, January 23rd. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $29.57.

Analyst Recommendations for Lions Gate Entertainment Corp. (NYSE:LGF)

Lions Gate Entertainment Corp. (NYSE:LGF) remained flat at $26.09 during midday trading on Friday. The company has a 50 day moving average price of $22.22 and a 200-day moving average price of $21.05. Lions Gate Entertainment Corp. has a 12-month low of $16.21 and a 12-month high of $35.13.

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Hedge funds have recently bought and sold shares of the company. LLBH Private Wealth Management LLC raised its stake in Lions Gate Entertainment Corp. by 9.7% in the third quarter. LLBH Private Wealth Management LLC now owns 3,721,396 shares of the company’s stock worth $74,391,000 after buying an additional 329,372 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Lions Gate Entertainment Corp. by 8.0% in the third quarter. Eagle Asset Management Inc. now owns 735,321 shares of the company’s stock worth $14,699,000 after buying an additional 54,696 shares in the last quarter. LMR Partners LLP purchased a new stake in Lions Gate Entertainment Corp. during the third quarter worth $8,996,000. Cadian Capital Management LP raised its stake in Lions Gate Entertainment Corp. by 812.6% in the third quarter. Cadian Capital Management LP now owns 3,650,499 shares of the company’s stock worth $72,973,000 after buying an additional 3,250,499 shares in the last quarter. Finally, GMT Capital Corp raised its stake in Lions Gate Entertainment Corp. by 16.9% in the third quarter. GMT Capital Corp now owns 251,400 shares of the company’s stock worth $5,025,000 after buying an additional 36,400 shares in the last quarter. Institutional investors own 96.70% of the company’s stock.

About Lions Gate Entertainment Corp.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location-based entertainment. The Company operates through two segments: Motion Pictures and Television Production.

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