Lionsgate (LGF.B) Director Sells $806,600.00 in Stock
Lionsgate (NYSE:LGF.B) Director John C. Malone sold 37,000 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $21.80, for a total transaction of $806,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of LGF.B stock opened at $22.25 on Friday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 19.17 and a beta of 1.78. Lionsgate has a 52 week low of $21.87 and a 52 week high of $22.04.
LGF.B has been the topic of a number of recent analyst reports. B. Riley dropped their price target on shares of Lionsgate from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Loop Capital initiated coverage on shares of Lionsgate in a research report on Thursday, March 15th. They set a “buy” rating on the stock. Sanford C. Bernstein lowered shares of Lionsgate to a “market perform” rating in a research report on Wednesday, February 21st. Royal Bank of Canada dropped their price target on shares of Lionsgate to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Finally, SunTrust Banks lowered shares of Lionsgate from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.50.
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