What’s Lions Gate Entertainment Corp. (USA) Upside After Today’s Bearish Options Activity?

 What's Lions Gate Entertainment Corp. (USA) Upside After Today's Bearish Options Activity?

In today’s session Lions Gate Entertainment Corp. (USA) (LGF) recorded an unusually high (946) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious LGF decrease. With 946 contracts traded and 26264 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: LGF161021P00018000 closed last at: $0.25 or 25% up. About 694,444 shares traded hands. Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has declined 20.77% since March 14, 2016 and is downtrending. It has underperformed by 26.38% the S&P500.

Analysts await Lions Gate Entertainment Corp. (USA) (NYSE:LGF) to report earnings on November, 14. They expect $-0.13 earnings per share, up 50.00% or $0.13 from last year’s $-0.26 per share. After $0.09 actual earnings per share 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. Lions Gate Entertainment Corp. has been the topic of 33 analyst reports since July 31, 2015 according to StockzIntelligence Inc. FBR Capital maintained the shares of LGF in a report on Friday, August 5 with “Outperform” rating. The stock of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has “Buy” rating given on Tuesday, September 1 by Wunderlich. The stock of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has “Outperform” rating given on Tuesday, December 15 by Bernstein. On Tuesday, February 9 the stock rating was maintained by Barrington Research with “Outperform”. The firm has “Outperform” rating by FBR Capital given on Friday, February 19. On Friday, September 25 the stock rating was initiated by JBL Advisors with “”. Loop Capital initiated the stock with “Buy” rating in Tuesday, August 9 report. The firm has “Buy” rating given on Monday, February 8 by Wunderlich. The firm has “Buy” rating given on Wednesday, October 21 by Topeka Capital Markets. The company was initiated on Friday, July 31 by Macquarie Research.

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 2016 Q2. Its up 0.22, from 0.95 in 2016Q1. The ratio increased, 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.
Teachers Advsrs accumulated 0.02% or 500,532 shares. Pnc Grp Inc Inc owns 6,798 shares or 0% of their US portfolio. Jpmorgan Chase And Com last reported 0% of its portfolio in the stock. Mhr Fund Lc, a New York-based fund reported 30.21 million shares. Carroll Financial Assoc Incorporated has invested 0.01% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Clinton Gp has 0.06% invested in the company for 65,420 shares. Columbia L L C Investment Mgmt has 323,431 shares for 0.49% of their US portfolio. Macquarie Gp Ltd accumulated 0.01% or 167,181 shares. Moreover, Crosslink Capital has 1.17% invested in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 321,846 shares. Foundry Limited Liability Company has 0.1% invested in the company for 88,725 shares. Blackrock Limited Liability Co last reported 0% of its portfolio in the stock. Manufacturers Life Insurance The has 724,423 shares for 0.02% of their US portfolio. Bronson Point Mngmt Ltd Liability Com has 200,000 shares for 1.36% of their US portfolio. The California-based Ivory Investment Limited Liability Co has invested 0.54% in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Ubs Oconnor Ltd Limited Liability Company accumulated 0% or 1.41 million shares.

Insider Transactions: Since August 9, 2016, the stock had 1 buying transaction, and 1 insider sale for $4.09 million net activity. FELTHEIMER JON also sold $5.18 million worth of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) on Wednesday, September 14. Crawford Gordon also bought $1.09 million worth of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) on Tuesday, August 9.

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 $2.78 billion. The Firm operates through two divisions: Motion Pictures and Television Production. It has a 364.1 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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