Lions Gate Entertainment Corp. (NYSE:LGF-A) Major Shareholder Purchases $51,459.97 in Stock

Lions Gate Entertainment Corp. (NYSE:LGF-A) major shareholder Liberty 77 Capital L.P. bought 6,047 shares of Lions Gate Entertainment stock in a transaction dated Friday, June 21st. The shares were bought at an average price of $8.51 per share, for a total transaction of $51,459.97. Following the completion of the transaction, the insider now directly owns 9,325,862 shares of the company’s stock, valued at approximately $79,363,085.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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, June 24th, Liberty 77 Capital L.P. bought 42,922 shares of Lions Gate Entertainment stock. The shares were bought at an average price of $8.64 per share, for a total transaction of $370,846.08.
• 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, 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 shares were acquired at an average cost of $8.01 per share, with a total value of $2,204,712.45.

Lions Gate Entertainment Stock Down 1.2 %

Shares of NYSE:LGF-A opened at $9.20 on Friday. The firm has a 50 day moving average price of $9.45 and a 200 day moving average price of $9.86.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LGF-A. Wolfe Research raised shares of Lions Gate Entertainment from an “underperform” rating to a “peer perform” rating in a research note 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 price target for the company in a research note 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.