Matrix Capital Management Company Lp Lowers stake in Lions Gate Entertainment Corp. (USA) (LGF)

Lions Gate Entertainment Corp. (USA) (LGF) : Matrix Capital Management Company Lp reduced its stake in Lions Gate Entertainment Corp. (USA) by 31.81% during the most recent quarter end. The investment management company now holds a total of 2,786,400 shares of Lions Gate Entertainment Corp. (USA) which is valued at $59,378,184 after selling 1,300,000 shares in Lions Gate Entertainment Corp. (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Lions Gate Entertainment Corp. (USA) makes up approximately 2.51% of Matrix Capital Management Company Lp’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in LGF in the latest quarter, The investment management firm added 1,031 additional shares and now holds a total of 4,793 shares of Lions Gate Entertainment Corp. (USA) which is valued at $102,139. Allianz Asset Management Ag sold out all of its stake in LGF during the most recent quarter. The investment firm sold 50,000 shares of LGF which is valued $1,065,500. Columbia Partners L L C Investment Management added LGF to its portfolio by purchasing 323,431 company shares during the most recent quarter which is valued at $6,892,315. Lions Gate Entertainment Corp. (USA) makes up approx 0.49% of Columbia Partners L L C Investment Management’s portfolio. Tocqueville Asset Management added LGF to its portfolio by purchasing 302,649 company shares during the most recent quarter which is valued at $6,049,954. Lions Gate Entertainment Corp. (USA) makes up approx 0.08% of Tocqueville Asset Management’s portfolio. Huntington National Bank added LGF to its portfolio by purchasing 1,041 company shares during the most recent quarter which is valued at $20,987.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *