BlackRock has filed a Form 13G/A with the SEC disclosing ownership of 8.44MM of Lionsgate Entertainment Corp (LGF.A) shares, Fintel reported. This represents 5.8% of the company.
In their previous filing on March 11, 2022, they reported 7.18MM shares and 8.60% of the company,
Shareholding increased by 17.56%, total holding decreased by 2.80% (calculated as current-previous percentage ownership).
Analyst price forecasts point to an upside of 28.96%
As of February 1, 2023, Lionsgate has an average one-year price target of $10.28. The forecast ranges from a low of $5.05 to a high of $15.75. The average target price represents an upside of 28.96% from its last reported closing price of $7.97.
Lions Gate Entertainment has projected annual revenue of $3,764MM, an increase of 5.01%. Annual EPS is expected to be -$8.91.
Fund Sentiment
Lions Gate Entertainment has 363 funds or institutions reporting positions. A reduction of 15 owners or 3.97%.
Average Portfolio Weight all funds Dedicated to US:LGF.A is 0.2108%, down 9.5785%. In the past three months, the total number of shares held by institutions has decreased by 1.76% to 80,071K shares.
What are major shareholders doing?
Mhr Fund Management holds 19,256,281 shares, accounting for 8.42% of the company’s equity. It was unchanged from the previous quarter.
Invesco holds 6,795,338 shares, representing 2.97% ownership of the company.In previous filings, the company reported owning 4,871,796 shares, representing
Increase
28.31%.The company
reduce
Its portfolio allocation in LGF.A increased by 89.05% from the previous quarter.
Jefferies Financial Group holds 3,725,000 shares, representing 1.63% ownership of the company. It was unchanged from the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 2,015,301 shares, or 0.88% of the company’s ownership.In a previous filing, the company reported owning 1,661,822 shares, representing
Increase
17.54%.The company
Increase
Its portfolio allocation in LGF.A increased by 0.88% from the previous quarter.
PEJ – Invesco Dynamic Leisure and Entertainment ETF owns 1,749,847 shares or 0.77% of the company’s ownership.In a previous filing, the company reported owning 3,057,351 shares, representing
reduce
74.72%.The company
reduce
Its portfolio allocation in LGF.A increased by 24.26% from the previous quarter.
Lions Gate Entertainment Declares $0.09 Dividend
Lionsgate Entertainment said on September 17, 2018 that its board of directors declared a regular quarterly dividend of $0.09 per share ($0.36 annualized). Shareholders of record as of September 27, 2018 received payment on November 8, 2018. Previously, the company paid $0.09 per share.
At the current price of $7.97 per share, the stock has a dividend yield of 4.52%. Looking back over the five years and sampling every week, the average dividend yield is 1.63%, with a minimum of 1.21% and a maximum of 2.50%. The standard deviation of yield was 0.30 (n=48).
The current dividend yield is 9.51 standard deviations above the historical average.
Lionsgate Entertainment Background Information
(This description is provided by the company.)
Lionsgate (NYSE: LGF.A, LGF.B) combines STARZ’s premium global subscription platform with world-class film and television studio operations to bring unique and diverse entertainment to consumers worldwide combination. Its film, television, subscription and location-based entertainment businesses are backed by a 17,000-title library and the largest film and television franchises in independent media.Lionsgate is a digital age company, driven by its entrepreneurial culture and commitment to innovation, and synonymous with bold, original, relevant entertainment for the global audiences it serves
This story originally appeared on Fintel.
The views and opinions expressed here are those of the authors and do not necessarily reflect those of Nasdaq Corporation.
