John C. Malone Sells 43,000 Shares of Lionsgate (LGF.B) Stock

Lionsgate (NYSE:LGF.B) Director John C. Malone sold 43,000 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $25.60, for a total value of $1,100,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Lionsgate stock opened at $26.24 on Thursday. The company has a market capitalization of $3,302.21, a price-to-earnings ratio of 12.99 and a beta of 1.50. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. Lionsgate has a fifty-two week low of $22.50 and a fifty-two week high of $34.41.

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Lionsgate (NYSE:LGF.B) last announced its earnings results on Thursday, February 8th. The company reported $0.42 EPS for the quarter. The firm had revenue of $1.14 billion for the quarter. Lionsgate had a return on equity of 9.59% and a net margin of 10.22%.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Saturday, March 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, March 28th.

A number of research firms recently weighed in on LGF.B. Sanford C. Bernstein cut Lionsgate to a “market perform” rating in a report on Wednesday, February 21st. SunTrust Banks cut Lionsgate from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Loop Capital assumed coverage on Lionsgate in a report on Thursday, March 15th. They set a “buy” rating on the stock. Royal Bank of Canada lowered their target price on Lionsgate to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Finally, B. Riley lowered their target price on Lionsgate from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.33.

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