Starz Entertainment (NASDAQ:STRZ) Insider Acquires $102,950.00 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ) insider Scott Macdonald purchased 5,000 shares of Starz Entertainment stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $20.59 per share, with a total value of $102,950.00. Following the completion of the transaction, the insider directly owned 18,757 shares in the company, valued at approximately $386,206.63. This represents a 36.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Starz Entertainment Stock Up 5.4%

Shares of NASDAQ:STRZ opened at $23.12 on Friday. Starz Entertainment Corp. has a 52-week low of $8.40 and a 52-week high of $23.99. The firm has a fifty day moving average of $15.93 and a 200 day moving average of $12.51. The firm has a market capitalization of $386.80 million and a PE ratio of -1.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.19 and a current ratio of 0.19.

Wall Street Analyst Weigh In

STRZ has been the subject of several research reports. Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the stock an “outperform” rating in a research report on Monday, May 11th. Morgan Stanley upped their target price on shares of Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starz Entertainment has a consensus rating of “Hold” and an average target price of $26.40.

Institutional Trading of Starz Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Alpine Global Management LLC bought a new stake in Starz Entertainment in the third quarter worth $1,948,000. NewEdge Wealth LLC lifted its stake in Starz Entertainment by 15.5% in the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock worth $8,317,000 after purchasing an additional 95,245 shares during the last quarter. Strs Ohio lifted its stake in Starz Entertainment by 1,955.5% in the fourth quarter. Strs Ohio now owns 45,900 shares of the company’s stock worth $537,000 after purchasing an additional 43,667 shares during the last quarter. Huber Capital Management LLC lifted its stake in Starz Entertainment by 40.5% in the third quarter. Huber Capital Management LLC now owns 136,963 shares of the company’s stock worth $2,017,000 after purchasing an additional 39,492 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Starz Entertainment by 20.2% in the third quarter. Royce & Associates LP now owns 362,645 shares of the company’s stock worth $5,342,000 after purchasing an additional 60,819 shares during the last quarter.

Starz Entertainment Company Profile

Starz Entertainment (NASDAQ: STRZ) is a global media and entertainment company that operates premium subscription video services across linear television and digital streaming platforms. The company’s core offering includes the STARZ and STARZ ENCORE linear networks in the United States, alongside its STARZPLAY streaming service, which is available in North America, parts of Europe, Latin America and select Asian markets. Through its multi-platform distribution strategy, Starz delivers a combination of original programming, feature films and licensed series to a broad subscriber base.

At the heart of Starz Entertainment’s business is its investment in original content production.