A Director at Lions Gate (NYSE: LGF) is Buying Shares

Yesterday, a Director at Lions Gate (NYSE: LGF), Arthur Evrensel, bought shares of LGF for $48.36K.

In addition to Arthur Evrensel, 8 other LGF executives reported Buy trades in the last month. Arthur Evrensel increased his holding by 6.15% to a total of $713527.74.

Based on Lions Gate’s latest earnings report from June 30, the company posted quarterly revenue of $553.6M and quarterly net profit of $1.25M. In comparison, last year the company earned revenue of $476.8M and had a GAAP net loss of $42.07M. The company has a one year high of $41.41 and a one year low of $16.21. LGF’s market cap is $2.76B and the company has a P/E ratio of 267.43.

Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $27.58, reflecting a -32.1% downside. 20 different firms, including Argus Research and B. Riley, currently also have a Buy rating on the stock. Starting in October 2016, LGF received 5 Buy ratings in a row.

Over the last 3 months, the insider sentiment on Lions Gate has been positive based on 65 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. It operates through the Motion Pictures and Television Production segments. The Motion Pictures segment consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired. It is composed of two sub segments: Production and Distribution. The Production segment includes financing motion pictures, as well as the development of a screenplay, the actual filming activities and post-filming editing and post-production process. The Distribution segment distributes motion pictures directly to United States movie theatres. The Television Production segment involves in the development, production and worldwide distribution of television productions, including television series, television movies and mini-series and non-fiction programming. The company was founded by Frank Guistra on April 28, 1997 and is headquartered in Santa Monica, CA.