Some Traders See Unusual Bullish Options Activity in Lions Gate Entertainment Corp. (USA)

 Some Traders See Unusual Bullish Options Activity in Lions Gate Entertainment Corp. (USA)

In today’s session Lions Gate Entertainment Corp. (USA) (LGF) registered an unusually high (3,130) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious LGF increase. With 3,130 contracts traded and 116764 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: LGF161216C00022000 closed last at: $0.6 or 7.7% down. About 634,437 shares traded hands. Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has declined 7.62% since March 29, 2016 and is downtrending. It has underperformed by 11.09% 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 14 analysts covering Lions Gate Entertainment Corp. (NYSE:LGF), 12 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 86% are positive. $48 is the highest target while $23 is the lowest. The $34.54 average target is 69.40% above today’s ($20.39) stock price. Lions Gate Entertainment Corp. has been the topic of 35 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, August 5 by FBR Capital. The stock has “Overweight” rating given by Morgan Stanley on Monday, October 31. Wunderlich maintained Lions Gate Entertainment Corp. (USA) (NYSE:LGF) on Tuesday, September 1 with “Buy” rating. The firm earned “Buy” rating on Tuesday, August 9 by Loop Capital. FBR Capital maintained the shares of LGF in a report on Friday, February 19 with “Outperform” rating. On Monday, November 30 the stock rating was maintained by FBR Capital with “Outperform”. The rating was maintained by RBC Capital Markets on Friday, August 5 with “Sector Perform”. The firm has “Buy” rating given on Tuesday, January 19 by Topeka Capital Markets. Pacific Crest initiated the shares of LGF in a report on Tuesday, March 29 with “Overweight” rating. The firm has “Buy” rating given on Monday, February 8 by Wunderlich.

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 improved, 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.
Bluemountain Cap Management Ltd Liability reported 2,778 shares or 0% of all its holdings. Commercial Bank Of America Corporation De has invested 0% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). The Pennsylvania-based Susquehanna Limited Liability Partnership has invested 0% in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Adirondack Tru accumulated 0% or 110 shares. Fairpointe Capital Limited Liability Com owns 5.90 million shares or 2.7% of their US portfolio. Ubs Asset Management Americas reported 79,724 shares or 0% of all its holdings. Fil Limited last reported 232,252 shares in the company. The Connecticut-based Cubist Systematic Strategies Lc has invested 0.07% in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Laurel Grove Cap Lc, a California-based fund reported 17,600 shares. Swiss National Bank, a Switzerland-based fund reported 173,900 shares. Salem Invest Counselors last reported 0.17% of its portfolio in the stock. Teacher Retirement Sys Of Texas owns 14,627 shares or 0% of their US portfolio. Tiaa Cref Invest Llc reported 581,214 shares or 0.01% of all its holdings. American Grp Inc holds 2,606 shares or 0% of its portfolio. World Invsts, a California-based fund reported 3.97M shares.

Insider Transactions: Since August 9, 2016, the stock had 2 insider buys, and 1 insider sale for $4.04 million net activity. $5.18 million worth of shares were sold by FELTHEIMER JON on Wednesday, September 14. 50,000 shares were bought by Crawford Gordon, worth $1.09M. 2,600 shares were bought by EVRENSEL ARTHUR, worth $48,360 on Monday, October 17.

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 $3.05 billion. The Firm operates through two divisions: Motion Pictures and Television Production. It has a 397.85 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.

More news for Lions Gate Entertainment Corp. (USA) (NYSE:LGF) were recently published by: Benzinga.com, which released: “Don’t Give Up On Lions Gate Just Yet” on October 31, 2016. Benzinga.com‘s article titled: “Lions Gate’s Vice Chairman Compared His Company To A Benevolent Arms Dealer” and published on October 18, 2016 is yet another important article.

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