Jeffrey Hirsch Purchases 30,000 Shares of Starz Entertainment (NASDAQ:STRZ) Stock

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average cost of $11.21 per share, for a total transaction of $336,300.00. Following the transaction, the chief executive officer directly owned 198,690 shares in the company, valued at approximately $2,227,314.90. This represents a 17.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Starz Entertainment Stock Down 1.6%

Shares of Starz Entertainment stock opened at $10.86 on Friday. The business has a 50-day simple moving average of $12.31 and a 200 day simple moving average of $14.13. Starz Entertainment Corp. has a one year low of $8.00 and a one year high of $22.98.

Starz Entertainment (NASDAQ:STRZ) last released its quarterly earnings data on Thursday, February 3rd. The company reported $0.21 EPS for the quarter. The firm had revenue of $836.40 million for the quarter.

Hedge Funds Weigh In On Starz Entertainment

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Starz Entertainment by 101.8% in the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after acquiring an additional 1,274 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Starz Entertainment during the second quarter worth $28,000. CWM LLC bought a new stake in Starz Entertainment during the second quarter worth $33,000. Advisory Services Network LLC purchased a new position in Starz Entertainment in the third quarter worth $36,000. Finally, Legal & General Group Plc bought a new position in Starz Entertainment in the 2nd quarter valued at $41,000.

Analyst Ratings Changes

STRZ has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday. Robert W. Baird started coverage on shares of Starz Entertainment in a research report on Friday, September 5th. They issued a “neutral” rating and a $13.00 price target on the stock. Zacks Research raised Starz Entertainment to a “hold” rating in a report on Wednesday, September 17th. Morgan Stanley dropped their target price on Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. decreased their price target on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.00.

Starz Entertainment Company Profile

Starz is a premium cable and streaming network owned by Starz Entertainment, which was formerly a part of Lionsgate. Starz had about 20 million subscribers in the U.S. and Canada as of Dec. 31, 2024. The company’s franchises include “Outlander” and “Power.”