Ubs Oconnor buys $67,093,089 stake in Lions Gate Entertainment Corp. (USA) (LGF)

Lions Gate Entertainment Corp. (USA) (LGF) : Ubs Oconnor scooped up 1,361,385 additional shares in Lions Gate Entertainment Corp. (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,851,385 shares of Lions Gate Entertainment Corp. (USA) which is valued at $67,093,089.Lions Gate Entertainment Corp. (USA) makes up approximately 1.37% of Ubs Oconnor’s portfolio.

Other Hedge Funds, Including , Crosslink Capital Inc sold out all of its stake in LGF during the most recent quarter. The investment firm sold 321,846 shares of LGF which is valued $7,573,036.Emerald Acquisition Ltd. reduced its stake in LGF by selling 293,175 shares or 99.5% in the most recent quarter. The Hedge Fund company now holds 1,479 shares of LGF which is valued at $33,618. Aperio Group added LGF to its portfolio by purchasing 15,401 company shares during the most recent quarter which is valued at $304,632. Lmr Partners Llp added LGF to its portfolio by purchasing 450,001 company shares during the most recent quarter which is valued at $8,901,020. Lions Gate Entertainment Corp. (USA) makes up approx 0.97% of Lmr Partners Llp’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in LGF by selling 800,000 shares or 64.52% in the most recent quarter. The Hedge Fund company now holds 440,000 shares of LGF which is valued at $8,492,000. Lions Gate Entertainment Corp. (USA) makes up approx 0.04% of State Of New Jersey Common Pension Fund D’s portfolio.

Lions Gate Entertainment Corp. (USA) closed down -0.03 points or -0.13% at $23.23 with 21,18,668 shares getting traded on Monday. Post opening the session at $23.13, the shares hit an intraday low of $22.96 and an intraday high of $23.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Lions Gate Entertainment Corp. (USA) reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.15. The company had revenue of $639.50 million for the quarter, compared to analysts expectations of $564.64 million. The company’s revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.19 EPS.

Many Wall Street Analysts have commented on Lions Gate Entertainment Corp. (USA). Company shares were Upgraded by RBC Capital Mkts on Nov 4, 2016 to ” Outperform”, Firm has raised the Price Target to $ 31 from a previous price target of $24 .Lions Gate Entertainment Corp. (USA) was Initiated by Morgan Stanley to “Overweight” on Oct 31, 2016. Company shares were Upgraded by Stifel on Oct 28, 2016 to ” Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $22 .

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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