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Kornitzer Capital Is In Love With LogMeIn

Kornitzer Capital: LogMeIn Inc (NASDAQ:LOGM) recently saw the size of its position increase in the equity portfolio of Kornitzer Capital Management. In a filing with the Securities and Exchange Commission, the fund disclosed ownership of some 2.5 million shares of the IT company, from the previously disclosed amount of below 2.4 million. The current position in LogMeIn held by Kornitzer represents almost 10.3% of the company. At the current price of the company’s stock, the value of the stake amounts to just over $78 million.

Disclosure: none

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