Lionsgate shares hit record high

Shares have more than doubled since Summit purchase

Shares of Lionsgate hit at an all-time high on Tuesday — and have more than doubled their price since the company bought Summit Entertainment less than a year ago.

Lionsgate gained 1%, rising 15¢ to $17.46 in trading Tuesday on the New York Stock Exchange. When Lionsgate closed the Summit deal on Jan. 13, the shares were trading at $8.60.

Shares have been gaining on Wall Street’s optimism over the next three “Hunger Games” films and development of other franchises, the deleveraging of the balance sheet, the possibility of a small dividend and the FX series “Anger Management.” Wall Street analysts have a consensus price target of $19.20.

Summit is prepping another potential young-adult franchise in “Divergent,” with Shailene Woodley starring and a release date of March 14, 2014, set.

Thanks largely to “Breaking Dawn — Part 2” and “The Hunger Games,” Lionsgate crossed the $1 billion mark in 2012 at both the domestic and foreign box office.

More Film

  • A Quiet Place

    China Box Office: ‘A Quiet Place’ Opens Third Behind ‘Infinity War'

    Shares of Lionsgate hit at an all-time high on Tuesday — and have more than doubled their price since the company bought Summit Entertainment less than a year ago. Lionsgate gained 1%, rising 15¢ to $17.46 in trading Tuesday on the New York Stock Exchange. When Lionsgate closed the Summit deal on Jan. 13, the […]

  • Patricia Morison Dead: 'Kiss Me Kate'

    Patricia Morison, Stage Star of 'Kiss Me, Kate', Dies at 103

    Shares of Lionsgate hit at an all-time high on Tuesday — and have more than doubled their price since the company bought Summit Entertainment less than a year ago. Lionsgate gained 1%, rising 15¢ to $17.46 in trading Tuesday on the New York Stock Exchange. When Lionsgate closed the Summit deal on Jan. 13, the […]

  • Does Cannes Have a Future? Yes,

    Does Cannes Have a Future? Yes, But the Festival Needs to Change

    Shares of Lionsgate hit at an all-time high on Tuesday — and have more than doubled their price since the company bought Summit Entertainment less than a year ago. Lionsgate gained 1%, rising 15¢ to $17.46 in trading Tuesday on the New York Stock Exchange. When Lionsgate closed the Summit deal on Jan. 13, the […]

  • DEADPOOL 2

    'Deadpool 2' Leads International Box Office With Powerful $176 Million Debut

    Shares of Lionsgate hit at an all-time high on Tuesday — and have more than doubled their price since the company bought Summit Entertainment less than a year ago. Lionsgate gained 1%, rising 15¢ to $17.46 in trading Tuesday on the New York Stock Exchange. When Lionsgate closed the Summit deal on Jan. 13, the […]

  • BlacKkKlansman

    Variety Critics Name the 12 Best Movies From Cannes 2018

    Shares of Lionsgate hit at an all-time high on Tuesday — and have more than doubled their price since the company bought Summit Entertainment less than a year ago. Lionsgate gained 1%, rising 15¢ to $17.46 in trading Tuesday on the New York Stock Exchange. When Lionsgate closed the Summit deal on Jan. 13, the […]

  • DEADPOOL 2

    Box Office: 'Deadpool 2' Propels to $125 Million Opening

    Shares of Lionsgate hit at an all-time high on Tuesday — and have more than doubled their price since the company bought Summit Entertainment less than a year ago. Lionsgate gained 1%, rising 15¢ to $17.46 in trading Tuesday on the New York Stock Exchange. When Lionsgate closed the Summit deal on Jan. 13, the […]

  • U.S.-China Film Talks Now Part of

    U.S.-China Film Talks Now Hostage to Trade War (Report)

    Shares of Lionsgate hit at an all-time high on Tuesday — and have more than doubled their price since the company bought Summit Entertainment less than a year ago. Lionsgate gained 1%, rising 15¢ to $17.46 in trading Tuesday on the New York Stock Exchange. When Lionsgate closed the Summit deal on Jan. 13, the […]

More From Our Brands

Access exclusive content