Peregrine Capital Management LLC Acquires Shares of 40,698 Starz Entertainment Corp. $STRZ

Peregrine Capital Management LLC acquired a new stake in Starz Entertainment Corp. (NASDAQ:STRZ) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 40,698 shares of the company’s stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd bought a new position in shares of Starz Entertainment during the second quarter valued at approximately $1,573,000. Kornitzer Capital Management Inc. KS bought a new position in shares of Starz Entertainment during the second quarter valued at approximately $1,104,000. Congress Park Capital LLC bought a new position in shares of Starz Entertainment during the second quarter valued at approximately $181,000. Nisa Investment Advisors LLC bought a new position in shares of Starz Entertainment during the second quarter valued at approximately $62,000. Finally, CWM LLC bought a new position in shares of Starz Entertainment during the second quarter valued at approximately $33,000.

Insider Activity at Starz Entertainment

In related news, Director Harry Sloan bought 8,100 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were purchased at an average cost of $12.98 per share, with a total value of $105,138.00. Following the completion of the purchase, the director owned 42,260 shares in the company, valued at approximately $548,534.80. The trade was a 23.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired 15,796 shares of company stock valued at $201,896 over the last 90 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on STRZ shares. Morgan Stanley decreased their target price on Starz Entertainment from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, August 15th. Weiss Ratings restated a “sell (e-)” rating on shares of Starz Entertainment in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Starz Entertainment in a report on Friday, September 5th. Zacks Research upgraded Starz Entertainment to a “hold” rating in a report on Wednesday, September 17th. Finally, Benchmark began coverage on Starz Entertainment in a research note on Wednesday, July 9th. They issued a “buy” rating and a $39.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Starz Entertainment presently has a consensus rating of “Hold” and an average target price of $22.00.

Starz Entertainment Stock Performance

Shares of STRZ stock opened at $11.07 on Wednesday. The business has a fifty day moving average price of $13.11. Starz Entertainment Corp. has a twelve month low of $8.00 and a twelve month high of $22.98.

Starz Entertainment (NASDAQ:STRZ) last issued 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 during the quarter.

Starz Entertainment 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.”