Bernstein Downgrades Lions Gate Entertainment Corp. (USA) to Market Perform

Brokerage firm Bernstein Downgrades its rating on Lions Gate Entertainment Corp. (USA)(NYSE:LGF). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Bernstein was issued on Jul 14, 2016.

In a different note, On Jul 13, 2016, Bernstein said it Downgrades its rating on Lions Gate Entertainment Corp. (USA). The shares have been rated ‘Market Perform’ by the firm.

Lions Gate Entertainment Corp. (USA) (LGF) made into the market gainers list on Mondays trading session with the shares advancing 2.30% or 0.46 points. Due to strong positive momentum, the stock ended at $20.47, which is also near the day’s high of $20.61. The stock began the session at $19.97 and the volume stood at 27,98,834 shares. The 52-week high of the shares is $41.41 and the 52 week low is $16.21. The company has a current market capitalization of $3,014 M and it has 14,72,27,800 shares in outstanding.

Lions Gate Entertainment Corp. (USA)(LGF) last announced its earnings results on May 25, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $791.20M. Analysts had an estimated revenue of $742.56M. Earnings per share were $0.26. Analysts had estimated an EPS of $-0.01.

Several Insider Transactions has been reported to the SEC. On Nov 19, 2015, Scott Paterson (director) sold 40,000 shares at $37.42 per share price.Also, On Oct 1, 2015, Steve Beeks (Co-Chief Operating Officer) sold 20,000 shares at $36.97 per share price.On May 1, 2015, Arthur Evrensel (director) sold 23,000 shares at $31.41 per share price, according to the Form-4 filing with the securities and exchange commission.

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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