Insider Buying: Lions Gate Entertainment Corp. (NYSE:LGF-A) Major Shareholder Purchases 95,781 Shares of Stock

Lions Gate Entertainment Corp. (NYSE:LGF-A) major shareholder Liberty 77 Capital L.P. bought 95,781 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average price of $8.51 per share, with a total value of $815,096.31. Following the completion of the purchase, the insider now directly owns 10,616,248 shares of the company’s stock, valued at approximately $90,344,270.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Tuesday, July 9th, Liberty 77 Capital L.P. acquired 289,488 shares of Lions Gate Entertainment stock. The shares were bought at an average price of $8.73 per share, for a total transaction 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 bought at an average price of $8.64 per share, for a total transaction 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 bought at an average price of $8.51 per share, for a total transaction of $51,459.97.
• On Friday, June 14th, Liberty 77 Capital L.P. bought 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. bought 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 Stock Down 3.5 %

Shares of LGF-A stock traded down $0.30 during trading hours on Thursday, reaching $8.28. The stock had a trading volume of 822,586 shares. The company’s fifty day simple moving average is $8.86 and its 200-day simple moving average is $9.63.

Wall Street Analysts Forecast Growth

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.