Lions Gate Entertainment Corp. (NYSE:LGF-A) Director Mark H. Md Rachesky Buys 400,000 Shares

Lions Gate Entertainment Corp. (NYSE:LGF-AGet Rating) Director Mark H. Md Rachesky acquired 400,000 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was acquired at an average cost of $6.90 per share, with a total value of $2,760,000.00. Following the purchase, the director now owns 4,113,927 shares of the company’s stock, valued at $28,386,096.30. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lions Gate Entertainment Trading Down 0.7 %

NYSE:LGF-A opened at $6.83 on Friday. The stock has a 50 day moving average price of $8.11 and a 200-day moving average price of $9.14.

Analyst Ratings Changes

Separately, Wolfe Research downgraded Lions Gate Entertainment from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 7th.

About Lions Gate Entertainment

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Lions Gate Entertainment Corp. engages in the film, television, subscription, and location-based entertainment businesses in the United States, Canada, and internationally. It 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.

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