Lions Gate Entertainment Corp. Class B (NYSE:LGF.B)
June 13th, 2019
Amidst rising markets Lions Gate Entertainment Corp. Class B closed Thursday up 2.11%, a $0.25 increase to close on $12.09. Despite ending the day higher, Lions Gate Entertainment Corp. Class B hit a new 52 week low of $11.80. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.82.
LGF.B outperformed the rest of the Consumer Discretionary sector which went up 0.90% today.
Results from 6 analysts suggest that Lions Gate Entertainment Corp. Class B could increase significantly (52.03%), while Finbox has calculated (with very high uncertainty) a fair value price of $17.64.
The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.
Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.
- Energy, up 1.25%.
- Communication Services, up 1.14%.
- Consumer Discretionary, up 0.90%.
- Materials, up 0.58%.
- Industrials, up 0.54%.
- Financials, up 0.23%.
- Information Technology, up 0.22%.
- Utilities, up 0.15%.
- Consumer Staples, up 0.11%.
- Real Estate, up 0.09%.
- Healthcare, down -0.11%.
Lions Gate Entertainment Corp. Class B Info
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment in Canada, the United States, and internationally. It operates through three segments: Motion Picture, Television Production, and Media Networks. The Motion Picture segment engages in 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. The Television Production segment is involved in the development, production, and worldwide distribution of television productions, including television series, television movies and mini-series, and non-fiction programming. It also licenses Starz original series productions to Starz Networks and STARZPLAY International; distributes Starz original productions and licensed product; and sells and licenses music from television broadcasts of its productions. In addition, this segment also sells and rents television production movies or series on packaged media and through digital media platforms; produces, syndicates, and distributes nearly 70 television shows on approximately 25 networks; and offers services related to talent management.. The Media Networks segment distributes STARZ branded premium subscription video services; and streaming services on subscription video-on-demand platforms. The company was founded in 1986 and is headquartered in Santa Monica, California.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Lions Gate Entertainment Corp. Class B’s score is 0.82) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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