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

Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “overweight” rating reissued by equities research analysts at Pacific Crest in a note issued to investors on Saturday. They currently have a $30.00 price target on the stock. Pacific Crest’s price target points to a potential upside of 14.99% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Argus started coverage on shares of Lions Gate Entertainment Corp. in a research note on Tuesday, December 27th. They issued a “buy” rating on the stock. B. Riley started coverage on shares of Lions Gate Entertainment Corp. in a research note on Friday, December 9th. They issued a “buy” rating and a $34.00 price target on the stock. Brean Capital restated a “buy” rating and issued a $30.00 price target (up from $27.00) on shares of Lions Gate Entertainment Corp. in a research note on Friday, December 9th. Jefferies Group LLC restated a “buy” rating and issued a $26.00 price target on shares of Lions Gate Entertainment Corp. in a research note on Thursday, January 12th. Finally, Wunderlich restated a “buy” rating and issued a $31.00 price target (up from $26.00) on shares of Lions Gate Entertainment Corp. in a research note on Thursday, January 5th. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Lions Gate Entertainment Corp. presently has a consensus rating of “Buy” and an average target price of $29.57.

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

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

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. boosted its position in Lions Gate Entertainment Corp. by 5.1% in the third quarter. First Mercantile Trust Co. now owns 10,061 shares of the company’s stock worth $201,000 after buying an additional 488 shares during the period. High Pointe Capital Management LLC bought a new position in Lions Gate Entertainment Corp. during the third quarter worth approximately $255,000. Gargoyle Investment Advisor L.L.C. bought a new position in Lions Gate Entertainment Corp. during the third quarter worth approximately $280,000. World Asset Management Inc boosted its position in Lions Gate Entertainment Corp. by 21.5% in the third quarter. World Asset Management Inc now owns 14,025 shares of the company’s stock worth $280,000 after buying an additional 2,484 shares during the period. Finally, Sei Investments Co. boosted its position in Lions Gate Entertainment Corp. by 4,550.8% in the third quarter. Sei Investments Co. now owns 14,464 shares of the company’s stock worth $289,000 after buying an additional 14,153 shares during the period. 96.70% of the stock is owned by hedge funds and other institutional investors.

Lions Gate Entertainment Corp. Company Profile

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.

5 Day Chart for NYSE:LGF

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