Jeffrey Hirsch Acquires 10,000 Shares of Starz Entertainment (NASDAQ:STRZ) Stock

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $20.72 per share, with a total value of $207,200.00. Following the transaction, the chief executive officer owned 55,000 shares in the company, valued at approximately $1,139,600. This trade represents a 22.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Starz Entertainment Stock Performance

Shares of STRZ opened at $23.12 on Friday. The firm has a 50-day moving average of $15.93 and a 200-day moving average of $12.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $386.80 million and a PE ratio of -1.38. Starz Entertainment Corp. has a one year low of $8.40 and a one year high of $23.99.

Institutional Trading of Starz Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in Starz Entertainment in the 1st quarter worth about $577,000. Gamco Investors INC. ET AL raised its stake in Starz Entertainment by 4.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock worth $833,000 after purchasing an additional 3,000 shares in the last quarter. Sei Investments Co. acquired a new stake in Starz Entertainment in the 1st quarter worth about $190,000. Hsbc Holdings PLC raised its stake in Starz Entertainment by 11.6% in the 1st quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock worth $469,000 after purchasing an additional 4,243 shares in the last quarter. Finally, Alpine Global Management LLC raised its stake in Starz Entertainment by 12.5% in the 4th quarter. Alpine Global Management LLC now owns 148,703 shares of the company’s stock worth $1,740,000 after purchasing an additional 16,472 shares in the last quarter.

Analyst Ratings Changes

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

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.