Lions Gate Entertainment Corp. (NYSE:LGF-A) Major Shareholder Liberty 77 Capital L.P. Acquires 42,922 Shares

Lions Gate Entertainment Corp. (NYSE:LGF-A) major shareholder Liberty 77 Capital L.P. acquired 42,922 shares of the business’s stock in a transaction on Monday, June 24th. The shares were bought at an average cost of $8.64 per share, with a total value of $370,846.08. Following the completion of the acquisition, the insider now owns 9,368,784 shares in the company, valued at $80,946,293.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Liberty 77 Capital L.P. also recently made the following trade(s):

• On Friday, June 21st, Liberty 77 Capital L.P. acquired 6,047 shares of Lions Gate Entertainment stock. The shares were bought at an average cost of $8.51 per share, with a total value of $51,459.97.
• On Friday, June 14th, Liberty 77 Capital L.P. acquired 98,858 shares of Lions Gate Entertainment stock. The shares were bought at an average cost of $8.19 per share, with a total value of $809,647.02.
• On Wednesday, June 12th, Liberty 77 Capital L.P. acquired 275,245 shares of Lions Gate Entertainment stock. The shares were bought at an average cost of $8.01 per share, with a total value of $2,204,712.45.

Lions Gate Entertainment Stock Up 5.9 %

LGF-A stock opened at $9.31 on Thursday. The firm has a fifty day simple moving average of $9.48 and a two-hundred day simple moving average of $9.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wolfe Research raised shares of Lions Gate Entertainment from an “underperform” rating to a “peer perform” rating in a report on Monday, June 10th. Barrington Research raised shares of Lions Gate Entertainment from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a report on Monday, March 11th.

About Lions Gate Entertainment

Lions Gate Entertainment Corp. engages in the film, television, subscription, and location-based entertainment businesses in the United States, Canada, and internationally. The company 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.