Could Lions Gate Entertainment Corp. (USA) Rise Even More? The Stock Had Bullish Options Activity

 Could Lions Gate Entertainment Corp. (USA) Rise Even More? The Stock Had Bullish Options Activity

In today’s session Lions Gate Entertainment Corp. (USA) (LGF) registered an unusually high (661) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious LGF increase. With 661 contracts traded and 18134 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: LGF161021C00022000 closed last at: $0.2 or 20% down. About 91,823 shares traded hands. Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has declined 5.74% since March 2, 2016 and is downtrending. It has underperformed by 14.00% the S&P500.

Analysts await Lions Gate Entertainment Corp. (USA) (NYSE:LGF) to report earnings on November, 14. They expect $-0.13 EPS, up 50.00% or $0.13 from last year’s $-0.26 per share. After $0.09 actual EPS reported by Lions Gate Entertainment Corp. (USA) for the previous quarter, Wall Street now forecasts -244.44% negative EPS growth.

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) Ratings Coverage

Out of 13 analysts covering Lions Gate Entertainment Corp. (NYSE:LGF), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. $48 is the highest target while $23 is the lowest. The $35.69 average target is 68.51% above today’s ($21.18) stock price. Lions Gate Entertainment Corp. has been the topic of 32 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Bernstein downgraded the stock to “Market Perform” rating in Thursday, July 14 report. The firm has “Outperform” rating given on Tuesday, August 2 by FBR Capital. The stock has “Outperform” rating given by FBR Capital on Monday, November 30. On Friday, August 5 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Friday, August 7, the company rating was maintained by Stifel Nicolaus. The stock of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has “Buy” rating given on Tuesday, September 6 by Brean Capital. The firm has “Buy” rating by Wunderlich given on Monday, February 8. The company was maintained on Tuesday, January 19 by Topeka Capital Markets. The rating was maintained by FBR Capital with “Outperform” on Friday, February 19. Piper Jaffray maintained it with “Overweight” rating and $45 target price in Friday, July 24 report.

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.”

Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.22, from 0.95 in 2016Q1. The ratio is positive, as 36 funds sold all Lions Gate Entertainment Corp. (USA) shares owned while 69 reduced positions. 51 funds bought stakes while 72 increased positions. They now own 130.86 million shares or 1.65% more from 128.73 million shares in 2016Q1.
The Ontario – Canada-based Mackenzie Financial has invested 0% in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Davenport & Ltd Liability Corporation holds 46,300 shares or 0% of its portfolio. Fairpointe Limited Company has 2.7% invested in the company for 5.90 million shares. New York State Common Retirement Fund accumulated 224,200 shares or 0.01% of the stock. Goldman Sachs Grp accumulated 940,791 shares or 0.01% of the stock. Moreover, Bluecrest Capital Mgmt Limited has 0.01% invested in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 10,819 shares. Salem Invest Counselors Incorporated has invested 0.17% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Peak6 Invests Limited Partnership accumulated 22,151 shares or 0% of the stock. Moreover, Ladenburg Thalmann Ser Inc has 0% invested in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 8,827 shares. Great West Life Assurance Can holds 0% or 10,579 shares in its portfolio. Point72 Asia (Hong Kong) Ltd holds 0.11% or 4,800 shares in its portfolio. Wells Fargo And Communications Mn reported 1.58M shares or 0.01% of all its holdings. Mizuho Securities Usa has 26,100 shares for 0.08% of their US portfolio. Tiaa Cref Mngmt accumulated 0.01% or 581,214 shares. Bnp Paribas Invest Prns owns 48,606 shares or 0.01% of their US portfolio.

Insider Transactions: Since August 9, 2016, the stock had 1 buy, and 1 insider sale for $4.09 million net activity. $1.09M worth of shares were bought by Crawford Gordon on Tuesday, August 9. The insider FELTHEIMER JON sold 255,718 shares worth $5.18M.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location entertainment. The company has a market cap of $3.21 billion. The Firm operates through two divisions: Motion Pictures and Television Production. It has a 413.37 P/E ratio. The Company’s Motion Pictures segment consists of the development and production of feature films, acquisition of North American and around the world distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and around the world licensing of distribution rights to feature films produced and acquired.

LGF Company Profile

Lions Gate Entertainment Corp., incorporated on April 28, 1997, is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location entertainment. The Firm operates through two divisions: 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 around the world distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and around the world licensing of distribution rights to feature films produced and acquired. The Company’s Television Production segment consists of the development, production and around the world distribution of television productions, including television series, television movies, and mini-series and non-fiction programming.

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