Eastbay Asset Management adds Lions Gate Entertainment Corp. (USA) (LGF) to its portfolio

Lions Gate Entertainment Corp. (USA) (LGF) : Eastbay Asset Management added new position in Lions Gate Entertainment Corp. (USA) during the most recent quarter end. The investment management firm now holds 271,561 shares of Lions Gate Entertainment Corp. (USA) which is valued at $5,786,965 , the company said in a statement filed on Aug 15, 2016 with the SEC.Lions Gate Entertainment Corp. (USA) makes up approximately 1.34% of Eastbay Asset Management’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in LGF during the most recent quarter. The investment firm sold 36,608 shares of LGF which is valued $780,116.Wall Street Associates boosted its stake in LGF in the latest quarter, The investment management firm added 4,576 additional shares and now holds a total of 15,824 shares of Lions Gate Entertainment Corp. (USA) which is valued at $337,209. Lions Gate Entertainment Corp. (USA) makes up approx 0.13% of Wall Street Associates’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in LGF in the latest quarter, The investment management firm added 52,253 additional shares and now holds a total of 2,352,551 shares of Lions Gate Entertainment Corp. (USA) which is valued at $50,132,862. Lions Gate Entertainment Corp. (USA) makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Blackrock Advisors reduced its stake in LGF by selling 384,509 shares or 87.94% in the most recent quarter. The Hedge Fund company now holds 52,756 shares of LGF which is valued at $1,124,230. Amica Retiree Medical Trust added LGF to its portfolio by purchasing 5,202 company shares during the most recent quarter which is valued at $98,318. Lions Gate Entertainment Corp. (USA) makes up approx 0.08% of Amica Retiree Medical Trust’s portfolio.

Lions Gate Entertainment Corp. (USA) closed down -0.75 points or -3.58% at $20.21 with 33,15,171 shares getting traded on Thursday. Post opening the session at $20.77, the shares hit an intraday low of $20.11 and an intraday high of $21.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Lions Gate Entertainment Corp. (USA) reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.08. The company had revenue of $553.60 million for the quarter, compared to analysts expectations of $494.51 million. The company’s revenue was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Lions Gate Entertainment Corp. (USA). Lions Gate Entertainment Corp. (USA) was Initiated by Loop Capital to “Buy” on Aug 9, 2016. Shares were Reiterated by FBR Capital on Aug 5, 2016 to “Outperform” and Lowered the Price Target to $ 30 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 24 from a previous price target of $23 .

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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