NEW YORK (TheStreet) -- Lions Gate Entertainment Corp. (LGF) stock is declining 3.05% to $21.93 in mid-morning trading on Monday after the movie production company's latest film had a disappointing box office debut.

"The Divergent Series: Allegiant" generated $29.1 million in North America, missing estimates of $34 million, MKM Partners analysts said in a note this morning.

The movie grossed 44% less in its opening weekend than its predecessor "The Divergent Series: Insurgent," analysts added. 

Lions Gate spent about $120 million to produce "Allegiant," according to the Wall Street Journal.

In international markets, the film has made $53.5 million, but the company sells distribution rights in most countries, the Journal added.

The Walt Disney Co.'s (DIS) "Zootopia" topped the North American box office for the third weekend in a row with $38 million in sales, beating estimates of $30 million, MKM noted. 

Separately, Lions Gate has a "hold" rating and a letter grade of C at TheStreet Ratings because of the company's strengths, such as good cash flow from operations and expanding profit margins, and its weaknesses, including a disappointing stock performance, deteriorating net income and generally higher debt management risk.

You can view the full analysis from the report here: LGF

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.