The Insider Mark Rachesky Sold 9964000 shares of Lions Gate Entertainment Corp. (USA) (NYSE:LGF)

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The Insider Mark Rachesky Sold 9964000 shares of Lions Gate Entertainment Corp (NYSELGF)-Transactions

Mark Rachesky Insider Sell Transaction

A few days ago, the director of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) , Mr. Mark Rachesky, sold a huge amount of shares – 9,964,000, totalling $388,795,280 USD, which is based on a market stock price of $39.0 per share. Mark Rachesky now holds 30.21 million shares which are equivalent to around 22.08 % of the California-based company’s market capitalization (total value of the shares outstanding). The dated November 13, 2015 transaction’s filing filed with the D.C. based-SEC is on hand for review here.

Lions Gate Entertainment Corp Stock Rating, Sentiment and Fundamentals

Mark’s decision sends out the impression that he’s indeed, worried about the stock price of the motion picture and sound recording industries Company. Sixteen security analysts covering Lions Gate Entertainment Corp expect per share earnings of $1.30 this year, which would translate to a PE ratio of 29.06, and YOY 25.00% percent growth rate.

Rating & Sentiment
PsychSignal Social:SELL
Analysts Rating:BUY
Hedge Funds Sentiment:BUY
Stock Fundamentals
Earnings + FCF Trend:BUY
Sector/Industry Macro:BULLISH
Valuation Models:-
Technical Analysis
ST Trend:UP
MT Trend:UP
LT Trend:UP
OctaFinance Rating*:NEUTRAL

* Read How Our Stock Ratings System Works

Based on Mark Rachesky’s trade but in disagreement with our momentum model as displayed on the chart below, we rate Lions Gate Entertainment Corp’s stock as “Neutral”. Lions Gate Entertainment Corp’s stock chart analysis reveals its price has risen by 43.86 % in the last 200 days. Such a strong and smooth up-trend usually continues.

Price Chart of Lions Gate Entertainment Corp USA Stock

The Insider Mark Rachesky Sold 9964000 shares of Lions Gate Entertainment Corp (NYSELGF)-Stock-Price-Chart

Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations

As Scott Bessent, one of the market legends, noted, that the best returns are made through a combination of technical & fundamental analysis.” This is definitely not the case with this stock.

Hedge Funds Ownership

Review of 13F SEC filings reveal that 203 investment managers own shares of Lions Gate Entertainment Corp. The institutional ownership of the firm in Q2 2015 is very high, at 96.84 % of the shares outstanding. Its up 6.94 % from previous quarter. These professional stock holders increased the total shares they own by 9.34 million to 143.88 million this quarter. There were 42 funds that created new positions and 74 funds that added to their positions. A total of 33 funds closed their positions in Lions Gate Entertainment Corp and 62 reduced their holdings.

In all 203 of them, six hold the stock in Top 10. Some of them are: Kornitzer Capital Management Inc Ks, Mhr Fund Management Llc, Jefferies Group Llc, Napier Park Global Capital (Us) Lp, Naya Management Llp, Andor Capital Management L.L.C..

HEDGE-FUNDS-LIST-DATABASE-FREE

Kornitzer Capital Management Inc Ks had the greatest investment with ownership of 4.63 million shares as of Q2 2015 for 2.32% of the fund’s portfolio. Mark Rachesky’s Mhr Fund Management Llc is another positive investment manager having 40.21 million shares of the company or 60.27% of their stocks portfolio. The stock is also 24.62% of the fund’s AUM. Jefferies Group Llc have 1.00% of their stock portfolio invested in the company for 5.20 million shares. Further, The New York-based fund Napier Park Global Capital (Us) Lp revealed it had acquired a stake worth 3.74% of the fund’s stock portfolio in the company. The United Kingdom-based fund Naya Management Llp was also a big follower of the -listed company, owning 4.41 million shares. Lions Gate Entertainment Corp is 10.71% of the fund’s stock portfolio.

Lions Gate Entertainment Corp USA Company Profile

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production. The Company’s Motion Pictures segment consists of the development and production of feature films, acquisition of North American and global distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and global licensing of distribution rights to feature films produced and acquired. The Company’s Television Production segment consists of the development, production and global distribution of television productions, including television series, television movies and mini-series and non-fiction programming.

Company Website: Lions Gate Entertainment Corp

Lions Gate Entertainment Corp was formed in British Columbia on 1997-04-28. This company has 719 employees. At the moment its market cap is: $5.62 billion and it has 136.84 million outstanding shares. Now it has 96.78% shareholders and the institutional ownership is 96.78%. The stock closed at $41.07 yesterday and it had average 2 days volume of 647022 shares. It is up from the 30 days average shares volume of 214951. Lions Gate Entertainment Corp has a 52w low of $27.51 and a 250 days high of $41.40. The current price is above the 200 days simple moving average. Lions Gate Entertainment Corp last issued its quarterly earnings report on 11/09/2015. The company reported -0.26 EPS for the quarter, missing the consensus estimate of 0.03 by 0.29. The company had a revenue of 476.76 million for 9/30/2015 and 408.94 million for 6/30/2015. Therefore, the revenue was 67.82 million up.

Mark Rachesky is also director of Navistar International Corp, Emisphere Technologies Inc, Titan International Inc, Leap Wireless International Inc, Loral Space & Communications Inc., Nationshealth, Inc., Neose Technologies Inc, Novadel Pharma Inc, 10 percent owner of Key Energy Services Inc, American Community Newspapers Inc., Rand Logistics, Inc., Medical Nutrition Usa Inc.

* On November 10 – 2015 – (i) MHR Capital Partners Master Account LP – an Anguilla – British West Indies limited partnership (“Master Account”) – MHR Capital Partners (100) LP – a Delaware limited partnership (“Capital Partners (100)”) – MHR Institutional Partners II LP – a Delaware limited partnership (“Institutional Partners II”) – MHR Institutional Partners IIA LP – a Delaware limited partnership (“Institutional Partners IIA”) – and Institutional Partners III LP – a Delaware limited partnership (“Institutional Partners III”) (collectively – “the MHR Funds”) – (ii) Liberty Global Incorporated Limited – a limited company organized under the laws of England and Wales (“Liberty”) – (iii) Discovery Lightning Investments Ltd. – a limited company organized under the laws of England and Wales (“Discovery” and – together with Liberty – the “Buyers”) and (iv) the parent companies of the Buyers entered into a Share Purchase Agreement (the “Share Purchase Agreement”). (Continued to footnote 2)

* Pursuant to the Share Purchase Agreement – the MHR Funds agreed to sell 5 – 000 – 000 Common Shares in the aggregate to each of the Buyers.

* The price represents the sale price to the Buyers of $39.02 per Common Share under the Share Purchase Agreement.

* The Common Shares reported as owned on this Form 4 do not include an additional 14 – 411 – 195 Common Shares – which the reporting persons may be deemed to beneficially own as a result of that certain Voting and Standstill Agreement by and among the Issuer – the Buyers – the parent companies of the Buyers – John C. Malone – the MHR Funds and Fund Management – but as to which they have no pecuniary interest.

* These are restricted share units granted by the Issuer – payable upon vesting in an equal number of Common Shares – which are scheduled to vest on September 10 – 2016.

* These are restricted share units granted by the Issuer – payable upon vesting in an equal number of Common Shares – which are scheduled to vest in two equal annual installments beginning on September 9 – 2016.

* These are restricted share units granted by the Issuer – payable upon vesting in an equal number of Common Shares – which are scheduled to vest in three equal annual installments beginning on September 15 – 2016.

* These Common Shares are held for the account of Master Account. MHR Advisors LLC – a Delaware limited liability company (“Advisors”) – is the general partner of Master Account. MHRC LLC – a Delaware limited liability company (“MHRC”) – is the managing member of Advisors. Mark H. Rachesky – M.D. (“Dr. Rachesky”) is the managing member of MHRC. MHR Fund Management LLC (“Fund Management”) has an investment management agreement with Master Account pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the Common Shares held for the account of Master Account. MHR Holdings LLC – a Delaware limited liability company (“MHR Holdings”) – is the managing member of Fund Management. (Continued to footnote 9)

* Accordingly – Advisors – MHRC – Fund Management – MHR Holdings and Dr. Rachesky may be deemed to beneficially own the Common Shares held for the account of Master Account. Each of Advisors – MHRC – Fund Management – MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such Common Shares except to the extent of their pecuniary interest therein.

* These Common Shares are held for the account of Capital Partners (100). Advisors is the general partner of Capital Partners (100). MHRC is the managing member of Advisors. Dr. Rachesky is the managing member of MHRC. Fund Management has an investment management agreement with Capital Partners (100) pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the Common Shares held for the account of Capital Partners (100). MHR Holdings is the managing member of Fund Management. Accordingly – Advisors – MHRC – Fund Management – MHR Holdings and Dr. Rachesky may be deemed to beneficially own the Common Shares held for the account of Capital Partners (100). Each of Advisors – MHRC – Fund Management – MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such Common Shares except to the extent of their pecuniary interest therein.

* These Common Shares are held for the account of Institutional Partners II. MHR Institutional Advisors II LLC – a Delaware limited liability company (“Institutional Advisors II”) – is the general partner of Institutional Partners II. MHRC II LLC – a Delaware limited liability company (“MHRC II”) – is the managing member of Institutional Advisors II. Dr. Rachesky is the managing member of MHRC II. Fund Management has an investment management agreement with Institutional Partners II pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the Common Shares held for the account of Institutional Partners II. MHR Holdings is the managing member of Fund Management. (Continued to footnote 12)

* Accordingly – Institutional Advisors II – MHRC II – Fund Management – MHR Holdings and Dr. Rachesky may be deemed to beneficially own the Common Shares held for the account of Institutional Partners II. Each of Institutional Advisors II – MHRC II – Fund Management – MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such Common Shares except to the extent of their pecuniary interest therein.

* These Common Shares are held for the account of Institutional Partners IIA. Institutional Advisors II is the general partner of Institutional Partners IIA. MHRC II is the managing member of Institutional Advisors II. Dr. Rachesky is the managing member of MHRC II. Fund Management has an investment management agreement with Institutional Partners IIA pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the Common Shares held for the account of Institutional Partners IIA. MHR Holdings is the managing member of Fund Management. (Continued to footnote 14)

* Accordingly – Institutional Advisors II – MHRC II – Fund Management – MHR Holdings and Dr. Rachesky may be deemed to beneficially own the Common Shares held for the account of Institutional Partners IIA. Each of Institutional Advisors II – MHRC II – Fund Management – MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such Common Shares except to the extent of their pecuniary interest therein.

* These Common Shares are held for the account of Institutional Partners III. MHR Institutional Advisors III LLC – a Delaware limited liability company (“Institutional Advisors III”) – is the general partner of Institutional Partners III. Dr. Rachesky is the managing member of Institutional Advisors III. Fund Management is an affiliate of – and has an investment management agreement with – Institutional Partners III pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the Common Shares held for the account of Institutional Partners III. MHR Holdings is the managing member of Fund Management. (Continued to footnote 16)

* Accordingly – Institutional Advisors III – Fund Management – MHR Holdings and Dr. Rachesky may be deemed to beneficially own the Common Shares held for the account of Institutional Partners III. Each of Institutional Advisors III – Fund Management – MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such Common Shares except to the extent of their pecuniary interest therein.

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