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

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $11.21 per share, for a total transaction of $336,300.00. Following the completion of the transaction, the chief executive officer directly owned 198,690 shares of the company’s stock, valued at $2,227,314.90. This trade represents a 17.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Starz Entertainment Stock Up 2.4%

STRZ stock opened at $11.85 on Wednesday. The stock’s 50 day moving average is $12.38. Starz Entertainment Corp. has a 52 week low of $8.00 and a 52 week high of $22.98.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of STRZ. Liberty 77 Capital L.P. bought a new stake in Starz Entertainment in the 2nd quarter valued at $28,987,000. Royce & Associates LP grew its position in Starz Entertainment by 20.2% during the 3rd quarter. Royce & Associates LP now owns 362,645 shares of the company’s stock worth $5,342,000 after acquiring an additional 60,819 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Starz Entertainment during the 2nd quarter valued at $5,076,000. Jefferies Financial Group Inc. acquired a new position in Starz Entertainment in the second quarter worth $4,470,000. Finally, Ancora Advisors LLC increased its position in Starz Entertainment by 547.1% in the 3rd quarter. Ancora Advisors LLC now owns 175,325 shares of the company’s stock valued at $2,583,000 after acquiring an additional 148,230 shares in the last quarter.

Analyst Ratings Changes

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

About Starz Entertainment

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.”