5 Stocks That Credit Markets Expert Steve Ketchum Likes

4. Lions Gate Entertainment Corporation (NYSE:LGF-B)

Sound Point Capital made a small subtraction from its Lions Gate Entertainment Corporation (NYSE:LGF-B) holding during Q3, selling off 15% of its position totaling 12,350 shares. That left the fund with a holding of 70,063 shares. 40 of the hedge funds tracked by Insider Monkey’s database were long LGF-B on September 30, down from 50 at the end of 2020.

Yet another media and entertainment company that is found in the 13F portfolio of Steve Ketchum’s fund, Lions Gate Entertainment Corporation (NYSE:LGF-B) has a strong international streaming presence but will face increasing pressure as more competing services go global, which could be scaring some hedge funds away from the company. The possible spinoff or sale of its Starz streaming service has also been met with a tepid response from hedge funds and analysts.