What Next for Lions Gate Entertainment Corp. (USA) Stock After Today’s Bullish Options Activity?

 What Next for Lions Gate Entertainment Corp. (USA) Stock After Today's Bullish Options Activity?

In today’s session Lions Gate Entertainment Corp. (USA) (LGF) registered an unusually high (640) 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 640 contracts traded and 12984 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: LGF161216C00020000 closed last at: $3.4 or 6.2% up. About 353,198 shares traded hands. Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has risen 15.78% since April 11, 2016 and is uptrending. It has outperformed by 9.63% 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 14 analysts covering Lions Gate Entertainment Corp. (NYSE:LGF), 13 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. $48 is the highest target while $23 is the lowest. The $35.08 average target is 53.19% above today’s ($22.9) stock price. Lions Gate Entertainment Corp. has been the topic of 36 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Wunderlich given on Tuesday, September 1. The firm has “Buy” rating by Stifel Nicolaus given on Friday, February 5. The stock has “Buy” rating given by Topeka Capital Markets on Tuesday, August 4. The stock of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) earned “Outperform” rating by Bernstein on Thursday, March 10. The rating was downgraded by Stifel Nicolaus to “Hold” on Monday, March 21. The firm has “” rating given on Friday, September 25 by JBL Advisors. The company was initiated on Tuesday, December 15 by Bernstein. The firm earned “Market Perform” rating on Thursday, July 14 by Bernstein. The firm has “Outperform” rating by RBC Capital Markets given on Friday, November 4. The firm has “Buy” rating by Topeka Capital Markets given on Tuesday, January 19.

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.
Ratan Mgmt Limited Partnership, a New York-based fund reported 598,300 shares. Jefferies Grp Limited Company last reported 0.27% of its portfolio in the stock. Paloma Prtnrs Mngmt Commerce has invested 0% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Ameriprise Finance Inc holds 0.01% or 485,930 shares in its portfolio. Alexandria Capital Ltd Liability Company has 0% invested in the company for 406 shares. Penn, a Pennsylvania-based fund reported 280,309 shares. Aston Asset has 1.01% invested in the company for 81,232 shares. First Foundation Advsrs holds 0.25% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 169,229 shares. Ivory Investment Mngmt Lc, a California-based fund reported 961,047 shares. Janney Montgomery Scott Limited Liability Corp last reported 0% of its portfolio in the stock. Cambridge Invest Rech Advsrs, a Iowa-based fund reported 10,884 shares. Crosslink Inc last reported 321,846 shares in the company. Susquehanna Llp has 0% invested in the company for 117,652 shares. The Ohio-based Fifth Third Fincl Bank has invested 0% in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Tcw Inc holds 0.01% or 76,836 shares in its portfolio.

Insider Transactions: Since August 9, 2016, the stock had 2 insider buys, and 1 insider sale for $4.04 million net activity. Crawford Gordon bought 50,000 shares worth $1.09 million. On Wednesday, September 14 the insider FELTHEIMER JON sold $5.18 million. EVRENSEL ARTHUR had bought 2,600 shares 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 $3.44 billion. The Firm operates through two divisions: Motion Pictures and Television Production. It has a 105.67 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.

Another recent and important Lions Gate Entertainment Corp. (USA) (NYSE:LGF) news was published by Benzinga.com which published an article titled: “Lions Gate’s Vice Chairman Compared His Company To A Benevolent Arms Dealer” on October 18, 2016.

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