Insider Buying: Lions Gate Entertainment Corp. (NYSE:LGF-A) Major Shareholder Buys $6,278,540.62 in Stock

Lions Gate Entertainment Corp. (NYSE:LGF-A) major shareholder Liberty 77 Capital L.P. bought 736,054 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $8.53 per share, for a total transaction of $6,278,540.62. Following the completion of the transaction, the insider now directly owns 11,936,951 shares of the company’s stock, valued at $101,822,192.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 12th, Liberty 77 Capital L.P. bought 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 Monday, August 5th, Liberty 77 Capital L.P. bought 136,315 shares of Lions Gate Entertainment stock. The shares were bought 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. bought 119,587 shares of Lions Gate Entertainment stock. The shares were bought 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. bought 209,209 shares of Lions Gate Entertainment stock. The shares were bought 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. purchased 95,781 shares of Lions Gate Entertainment stock. The shares were 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. purchased 289,488 shares of Lions Gate Entertainment stock. The shares were acquired at an average cost of $8.73 per share, for a total transaction of $2,527,230.24.
• On Monday, June 24th, Liberty 77 Capital L.P. purchased 42,922 shares of Lions Gate Entertainment stock. The shares were acquired at an average cost of $8.64 per share, for a total transaction of $370,846.08.
• On Friday, June 21st, Liberty 77 Capital L.P. purchased 6,047 shares of Lions Gate Entertainment stock. The shares were acquired at an average cost of $8.51 per share, for a total transaction of $51,459.97.
• On Friday, June 14th, Liberty 77 Capital L.P. purchased 98,858 shares of Lions Gate Entertainment stock. The shares were acquired at an average cost of $8.19 per share, for a total transaction of $809,647.02.
• On Wednesday, June 12th, Liberty 77 Capital L.P. purchased 275,245 shares of Lions Gate Entertainment stock. The shares were acquired at an average cost of $8.01 per share, for a total transaction of $2,204,712.45.

Lions Gate Entertainment Trading Up 1.2 %

Shares of NYSE LGF-A opened at $7.87 on Friday. The company has a 50 day moving average price of $8.67 and a 200-day moving average price of $9.42.

Wall Street Analyst Weigh In

Separately, Wolfe Research raised Lions Gate Entertainment from an “underperform” rating to a “peer perform” rating in a research 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.