Loop Capital Trims Lions Gate Entertainment (LGF.B) Target Price to $29.00

Lions Gate Entertainment (NYSE:LGF.B) had its price objective trimmed by Loop Capital to $29.00 in a research report released on Monday, The Fly reports. The brokerage currently has a buy rating on the stock.

Separately, ValuEngine lowered shares of Lions Gate Entertainment from a hold rating to a sell rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Lions Gate Entertainment currently has an average rating of Hold and an average target price of $30.50.

Shares of LGF.B opened at $16.00 on Monday. The stock has a market cap of $3.49 billion, a PE ratio of 17.68 and a beta of 1.95. Lions Gate Entertainment has a 52 week low of $15.77 and a 52 week high of $34.41.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 8th. Investors of record on Sunday, September 30th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, September 27th.

In other Lions Gate Entertainment news, Vice Chairman Michael Raymond Burns purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The stock was purchased at an average price of $20.43 per share, with a total value of $1,021,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James W. Barge purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was acquired at an average cost of $16.32 per share, with a total value of $163,200.00. The disclosure for this purchase can be found here. Insiders purchased 65,000 shares of company stock valued at $1,284,200 in the last three months.

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