Billionaire investor Carl Icahn has increased his holdings in Lions Gate Entertainment Corp (LGF) to 14.28%, or 16,540,849 common shares, according to a 10-Q filing made on Monday. The acquired shares were purchased on the NYSE at a price of US$4.4100. Mr. Icahn has made no negative comments so far about management at Lions Gate however, he may take action to change the board makeup at the co.’s annual meeting or at a special meeting he may convene. Lions Gate Corp reported earlier this month a wider than expected quarterly loss on poor film performance prompting its shares to drop to five-year lows.