Insider Buying: Lions Gate Entertainment Corp. (NYSE:LGF-A) Major Shareholder Purchases 4,362 Shares of Stock

Lions Gate Entertainment Corp. (NYSE:LGF-A) major shareholder Liberty 77 Capital L.P. purchased 4,362 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average cost of $6.90 per share, for a total transaction of $30,097.80. Following the acquisition, the insider now owns 152,197 shares in the company, valued at $1,050,159.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, August 30th, Liberty 77 Capital L.P. purchased 250,568 shares of Lions Gate Entertainment stock. The shares were bought at an average cost of $7.43 per share, for a total transaction of $1,861,720.24.
• On Friday, August 16th, Liberty 77 Capital L.P. purchased 2,300 shares of Lions Gate Entertainment stock. The shares were bought at an average cost of $6.93 per share, for a total transaction of $15,939.00.
• On Wednesday, August 14th, Liberty 77 Capital L.P. purchased 345,839 shares of Lions Gate Entertainment stock. The shares were bought at an average cost of $7.82 per share, for a total transaction of $2,704,460.98.
• On Monday, August 12th, Liberty 77 Capital L.P. purchased 1,318,174 shares of Lions Gate Entertainment stock. The shares were bought at an average cost of $8.27 per share, for a total transaction of $10,901,298.98.
• On Friday, August 9th, Liberty 77 Capital L.P. acquired 736,054 shares of Lions Gate Entertainment stock. The stock was acquired at an average cost of $8.53 per share, for a total transaction of $6,278,540.62.
• On Monday, August 5th, Liberty 77 Capital L.P. acquired 136,315 shares of Lions Gate Entertainment stock. The stock was acquired at an average cost of $8.46 per share, for a total transaction of $1,153,224.90.
• On Monday, July 29th, Liberty 77 Capital L.P. acquired 119,587 shares of Lions Gate Entertainment stock. The stock was acquired at an average cost of $8.49 per share, for a total transaction of $1,015,293.63.
• On Friday, July 26th, Liberty 77 Capital L.P. acquired 209,209 shares of Lions Gate Entertainment stock. The stock was acquired at an average cost of $8.50 per share, for a total transaction of $1,778,276.50.
• On Tuesday, July 23rd, Liberty 77 Capital L.P. acquired 95,781 shares of Lions Gate Entertainment stock. The stock was acquired at an average cost of $8.51 per share, for a total transaction of $815,096.31.
• On Tuesday, July 9th, Liberty 77 Capital L.P. acquired 289,488 shares of Lions Gate Entertainment stock. The stock was acquired at an average cost of $8.73 per share, for a total transaction of $2,527,230.24.

Lions Gate Entertainment Trading Down 0.3 %

NYSE LGF-A opened at $7.77 on Monday. The business’s 50 day moving average price is $8.68 and its 200 day moving average price is $9.27.

Analyst Ratings Changes

Separately, Wolfe Research raised shares of Lions Gate Entertainment from an “underperform” rating to a “peer perform” rating in a report on Monday, June 10th.

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.