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.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/07/lions-gate-entertainment-co-class-b-non-voting-shares-lgf-b-coverage-initiated-at-loop-capital.html.
Receive News & Ratings for Lionsgate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lionsgate and related companies with MarketBeat.com's FREE daily email newsletter.