Why Has Bernstein Given Lions Gate Entertainment Corp (NYSE:LGF) a $48.00 Price Target
Stock research analysts at Bernstein have commenced coverage coverage on shares of Lions Gate Entertainment Corp (NYSE:LGF) in an interesting research report disseminated on Tuesday, 15 December. The investment house set “Outperform” rating on the stock. Bernstein’s Estimated Target Price of $48.00 suggests potential of 37.85% from the stock’s close price.
From a total of 14 analysts covering Lions Gate Entertainment Corp. (NYSE:LGF) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $50 while the lowest target price is $35. The mean of all analyst targets is $43.5 with a 26.49% above today’s ($34.69) stock price. Lions Gate Entertainment Corp. was the topic of 15 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on November 30 with “Outperform” rating. Piper Jaffray maintained shares with “Overweight” rating and $45 target share price in a report from a July 24. JBL Advisors initiated LGF stock in a recent report from September 25 with “” rating. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on an August 7.
Approximately 1.12 million shares of stock traded hands. Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has risen 10.43% since May 12, 2015 and is uptrending. It has outperformed by 14.10% the S&P500.
The overall sentiment of institutions has decreased to 1.18 in Q2 2015. Its down 0.04, from 1.22 in 2015Q2. The ratio is negative, as 36 institutions have sold all the shares of Lions Gate Entertainment Corp. (USA) that they owned while 66 funds have taken shares off the table. 43 funds have purchased shares for the first time while 77 added to their positions. These institutions now hold 135.19 million shares or 6.04% less than the 143.88 million shares they owned in 2015Q2.
The Fund Mhr Fund Management Llc currently is holding shares equating to 69.41% of its total portfolio in Lions Gate Entertainment Corp. (USA) representing a total of 40.21 million shares. Another fund,Naya Management Llp, is holding a total of 3.95 million shares equating to 7.88% of their holdings. Additionally, Fox Point Capital Management Llc has a 162,500 share stake in Lions Gate Entertainment Corp. (USA) which represents 7.09% of their total portfolio. The Fund, Napier Park Global Capital (Us) Lp, based out of New York, has also built up a stake in the stock, which represents a total of 4.16% of their total portfolio. Finally Act Ii Management Lp, a fund which is based in the state of New York reported a total holdings of 202,440 shares.
Insider activity is a very important aspect to track on any stock. Going back to April 3, 2015, shareholders of Lions Gate Entertainment Corp. (USA) have witnessed 0 insider purchases, and a total of 2 sales equating to a net activity of approximately $1.49 million . Beeks Steve sold 20,000 shares worth approximately $739,400. Evrensel Arthur sold 23,000 shares worth approximately $722,430. Rachesky Mark H Md sold 1.05 million shares worth approximately $33.21 million. Crawford Gordon bought 35,000 shares worth approximately $1.09M. The company insider Feltheimer Jon sold 250,000 shares worth $8.38 million.
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 has a market cap of $4.94 billion. The Firm operates through two divisions: Motion Pictures and Television Production. It has 46.22 P/E ratio. 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.
According to Zacks Investment Research, “Lions Gate Entertainment Corp. is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution and new channel platforms. It is engaged in the development and production of feature films, North American theatrical, home entertainment, and television distribution of feature films and worldwide licensing of distribution rights to feature films. Lions Gate Entertainment Corp. is headquartered in Vancouver, British Columbia.”