Icahn Pounding the Table on Lions Gate (LGF), Buys Another 500K Shares
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In a Form 4 filing with the SEC, Carl Icahn disclosed that he purchased another nearly 500,000 share of Lions Gate Entertainment (NYSE: LGF). Icahn's stake in the film company is now 20,114,412 shares, up from 19,621,930 shares prior to the first recent purchase, made Tuesday.
Last week, Icahn purchased more than 1.5 million shares in two separate filings. On Tuesday of last week, Icahn disclosed that he purchased more than 350,00 shares, and the very next day, he disclosed another purchase of 1.06 million shares.
Despite the massive buys by Icahn, shares of Lions Gate have traded relatively flat this year: on January 1, the stock was around $5.50, and today, the stock closed at $5.27.
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