Starz Entertainment (NASDAQ:STRZ) Insider Alison Hoffman Sells 13,661 Shares

Starz Entertainment Corp. (NASDAQ:STRZ) insider Alison Hoffman sold 13,661 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $21.42, for a total value of $292,618.62. Following the transaction, the insider owned 94,419 shares of the company’s stock, valued at approximately $2,022,454.98. This represents a 12.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Starz Entertainment Stock Up 11.7%

STRZ opened at $21.93 on Friday. Starz Entertainment Corp. has a 12 month low of $8.40 and a 12 month high of $23.63. 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 stock has a market cap of $366.89 million and a P/E ratio of -1.31. The stock’s 50 day moving average price is $15.72 and its 200 day moving average price is $12.44.

Institutional Trading of Starz Entertainment

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

Wall Street Analyst Weigh In

STRZ has been the topic of a number of research analyst reports. Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the company an “outperform” rating in a report on Monday. 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. Morgan Stanley raised their target price on shares of Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.