Fintel reports that Mhr Fund Management Llc has filed a 13D\/A form with the SEC disclosing ownership of 20,198,615 shares of Lions Gate Entertainment Corp. (LGF.A). This represents 24.22% of the company.<\/p>\n
In their previous filing dated May 6, 2020 they reported 19,309,564 shares and 23.07% of the company, an increase in shares of 4.60% and an increase in total ownership of 1.15%<\/strong> (calculated as current – previous percent ownership).<\/p>\n Combining the STARZ premium global subscription platform with world-class motion picture and television studio operations, Lionsgate brings a unique and varied portfolio of entertainment to consumers around the world.<\/p>\n Its film, television, subscription and location-based entertainment businesses are backed by a 17,000-title library and the largest collection of film and television franchises in the independent media space.<\/p>\n A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for the audiences it serves worldwide<\/p>\n What are other large shareholders doing?<\/strong><\/p>\n \u00a0<\/p>\n Invesco Ltd. holds 6,795,338 shares representing 2.97% ownership of the company. In it’s prior filing, the firm reported owning 4,871,796 shares, representing an increase<\/strong> of 28.31%. The firm decreased<\/strong> its portfolio allocation in LGF.A by 89.05% over the last quarter.<\/p>\n Jefferies Financial Group Inc. holds 3,725,000 shares representing 1.63% ownership of the company. No change in the last quarter.<\/p>\n Bank of New York Mellon Corp holds 1,568,391 shares representing 0.69% ownership of the company. In it’s prior filing, the firm reported owning 1,458,220 shares, representing an increase<\/strong> of 7.02%. The firm decreased<\/strong> its portfolio allocation in LGF.A by 59.20% over the last quarter.<\/p>\n Coastal Bridge Advisors, LLC holds 1,518,021 shares representing 0.66% ownership of the company. In it’s prior filing, the firm reported owning 1,468,021 shares, representing an increase<\/strong> of 3.29%. The firm decreased<\/strong> its portfolio allocation in LGF.A by 27.85% over the last quarter.<\/p>\n What is the overall Fund Sentiment?<\/strong><\/p>\n There are 376 funds or institutions reporting positions in Lions Gate Entertainment Corp.. This is an increase of 2 owner(s) or 0.53%.<\/p>\n Average portfolio weight of all funds<\/strong> dedicated to Lions Gate Entertainment Corp. is 0.2229%, a decrease of 10.3336%. Total shares owned by institutions decreased in the last three months by 0.50% to 80,721,201 shares.<\/p>\n