Lionsgate (LGF.B) Now Covered by Loop Capital

Loop Capital began coverage on shares of Lionsgate (NYSE:LGF.B) in a research note published on Thursday, March 15th. The firm issued a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. SunTrust Banks downgraded Lionsgate from a buy rating to a hold rating in a research report on Friday, February 9th. B. Riley decreased their target price on Lionsgate from $31.00 to $30.00 and set a buy rating on the stock in a research report on Friday, February 9th. Sanford C. Bernstein downgraded Lionsgate to a market perform rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada reduced their price objective on Lionsgate to $35.00 and set an outperform rating on the stock in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $32.50.

Shares of LGF.B stock opened at $26.24 on Thursday. Lionsgate has a twelve month low of $22.50 and a twelve month high of $34.41. The firm has a market capitalization of $3,116.60, a price-to-earnings ratio of 20.84 and a beta of 1.74.

Lionsgate (NYSE:LGF.B) last announced its earnings results on Thursday, February 8th. The company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $1.14 billion for the quarter. Lionsgate had a return on equity of 9.59% and a net margin of 10.22%.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Saturday, March 31st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, March 28th.

In other Lionsgate news, Director John C. Malone sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $27.21, for a total transaction of $1,904,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone sold 43,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $25.60, for a total value of $1,100,800.00. The disclosure for this sale can be found here. Insiders sold a total of 183,000 shares of company stock valued at $5,253,200 over the last three months.

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Analyst Recommendations for Lionsgate (NYSE:LGF.B)

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