Insider Buying: Lions Gate Entertainment Corp. (NYSE:LGF-A) Major Shareholder Buys 736,054 Shares of Stock

Posted by Thomas Dobrow on Aug 16th, 2024

Lions Gate Entertainment Corp. (NYSE:LGF-A – Get Free Report) major shareholder Liberty 77 Capital L.P. purchased 736,054 shares of Lions Gate Entertainment stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $8.53 per share, with a total value of $6,278,540.62. Following the acquisition, the insider now directly owns 11,936,951 shares of the company’s stock, valued at approximately $101,822,192.03. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Monday, August 12th, Liberty 77 Capital L.P. purchased 1,318,174 shares of Lions Gate Entertainment stock. The shares were acquired at an average price of $8.27 per share, with a total value of $10,901,298.98.
On Monday, August 5th, Liberty 77 Capital L.P. purchased 136,315 shares of Lions Gate Entertainment stock. The shares were acquired at an average price of $8.46 per share, with a total value of $1,153,224.90.
On Monday, July 29th, Liberty 77 Capital L.P. acquired 119,587 shares of Lions Gate Entertainment stock. The shares were purchased at an average price of $8.49 per share, with a total value of $1,015,293.63.
On Friday, July 26th, Liberty 77 Capital L.P. acquired 209,209 shares of Lions Gate Entertainment stock. The shares were purchased at an average price of $8.50 per share, with a total value of $1,778,276.50.
On Tuesday, July 23rd, Liberty 77 Capital L.P. acquired 95,781 shares of Lions Gate Entertainment stock. The shares were purchased at an average price of $8.51 per share, with a total value of $815,096.31.
On Tuesday, July 9th, Liberty 77 Capital L.P. acquired 289,488 shares of Lions Gate Entertainment stock. The shares were purchased at an average price of $8.73 per share, with a total value of $2,527,230.24.
On Monday, June 24th, Liberty 77 Capital L.P. acquired 42,922 shares of Lions Gate Entertainment stock. The shares were purchased at an average price of $8.64 per share, with a total value of $370,846.08.
On Friday, June 21st, Liberty 77 Capital L.P. acquired 6,047 shares of Lions Gate Entertainment stock. The shares were purchased at an average price 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 purchased at an average price of $8.19 per share, with a total value of $809,647.02.
On Wednesday, June 12th, Liberty 77 Capital L.P. purchased 275,245 shares of Lions Gate Entertainment stock. The stock was acquired at an average price of $8.01 per share, with a total value of $2,204,712.45.

Lions Gate Entertainment Price Performance

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

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on LGF-A

About Lions Gate Entertainment

(Get Free Report)

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.