Insider Buying: Lions Gate Entertainment Corp. (LGF.B) CFO Buys 10,000 Shares of Stock

Lions Gate Entertainment Corp. (NYSE:LGF.B) CFO James W. Barge bought 10,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was bought at an average cost of $16.32 per share, for a total transaction of $163,200.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

NYSE LGF.B traded down $0.27 during trading hours on Thursday, reaching $16.00. The company had a trading volume of 1,402,200 shares, compared to its average volume of 530,588. Lions Gate Entertainment Corp. has a 1-year low of $15.77 and a 1-year high of $34.41. The stock has a market capitalization of $3.49 billion, a P/E ratio of 17.68 and a beta of 1.95.

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

A number of research analysts have commented on LGF.B shares. Loop Capital decreased their target price on shares of Lions Gate Entertainment from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. ValuEngine cut shares of Lions Gate Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.50.

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Insider Buying and Selling by Quarter for Lions Gate Entertainment (NYSE:LGF.B)

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