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Lions Gate Entertainment Corp. (LGF) 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 activities.
The company operates through two segments, Motion Pictures and Television Production. The Motion Pictures 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. The company distributes a library of approximately 13,000 motion picture titles, television episodes, and programs directly to retailers, rental kiosks, and pay and free television channels through various digital media platforms in the United States, Canada, the United Kingdom, and Ireland, as well as indirectly to other international markets through its subsidiaries and various third parties.
It also produces and syndicates 19 television shows, which air on 14 networks and distributes in approximately 200 series worldwide.
Shares have formed a bullish "cup and handle" and are expected to head higher out of this formation.
52-Week Trading Range: $11.26 - $22.51
Entry Point: $22.40
Stop Loss: $21.28
Target Price: $24.65
LGF was closed at $23.75 as our 30-day expired. We had nearly a 6% gain in the trade.
