Stock in Lionsgate starts 2013 at all-time high

Shares in Lionsgate Entertainment, the Vancouver-based studio behind the Hunger Games and Twilight movie franchises, this week saw its stock hit an all-time high.

Shares in Lionsgate closed Thursday at $16.85 on the New York Stock Exchange, down slightly from a 52-week high of $17.02 reached Wednesday.

That stock level is well up on a 52-week low of $7.97, which followed billionaire investor Carl Icahn cashing out of the indie studio, and coincided with Lionsgate acquiring Summit Entertainment in January 2012.

Lionsgate’s film slate impressing investors includes the recent release of The Twilight Saga: Breaking Dawn – Part 2, and the next two installments of The Hunger Games, Catching Fire and Mockingjay Part 1.

And on the TV side, Lionsgate has a hit in the Charlie Sheen-starring sitcom Anger Management, which has a 100-episode order with FX and CTV.

The studio’s latest TV project is another comedy to star Martin Lawrence and Kelsey Grammer, which is now in development.

David Miller, a media analyst with B. Riley Caris, in a Jan. 2 investor note said he has lifted his price target for Lionsgate shares from $18 to $21.

Miller did so on prospects for Anger Management to enter the lucrative domestic syndication market in summer 2014, and the next two installments of the Hunger Games franchise to perform better overseas than the original Hunger Games release.