Steven Mnuchin Adds to Lions Gate Stake – Insider Weekends

Lions Gate Entertainment (LGF.A): $8.52

Market Cap: $1.91B

Enterprise Value: $4.08B

When presenting the list of top five insider purchases and sales each week, we normally remove purchases and sales by 10% owners who are not part of the management team or have representation on the board. Every once in a while we make an exception to this rule and this was one of those weeks.

Last week Liberty 77 Capital, a firm started by former U.S. Treasury Secretary Steven Mnuchin in 2021, revealed a 149,682 share purchase of Lions Gate Entertainment’s class A shares at an average price of $8.53 per share for a total of $1.28 million.

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