Ancora Advisors LLC purchased a new stake in shares of Starz Entertainment Corp. (NASDAQ:STRZ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 409,763 shares of the company's stock, valued at approximately $11,826,000. Ancora Advisors LLC owned 2.45% of Starz Entertainment as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STRZ. Russell Investments Group Ltd. acquired a new position in Starz Entertainment in the 2nd quarter worth about $28,000. Legal & General Group Plc purchased a new stake in shares of Starz Entertainment in the second quarter valued at approximately $34,000. Advisory Services Network LLC purchased a new stake in shares of Starz Entertainment in the third quarter valued at approximately $36,000. BNP Paribas Financial Markets raised its stake in shares of Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company's stock worth $37,000 after buying an additional 1,274 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in shares of Starz Entertainment during the 2nd quarter worth approximately $48,000.
Starz Entertainment Stock Up 0.9%
Shares of NASDAQ:STRZ opened at $29.19 on Wednesday. Starz Entertainment Corp. has a 52-week low of $8.40 and a 52-week high of $32.58. The stock has a market cap of $499.73 million, a P/E ratio of -1.15 and a beta of 2.46. The business has a fifty day moving average of $27.12 and a two-hundred day moving average of $20.39. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.05.
Starz Entertainment (NASDAQ:STRZ - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($11.27) EPS for the quarter, missing the consensus estimate of ($0.59) by ($10.68). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%.The company had revenue of $307.90 million for the quarter. On average, research analysts expect that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. B. Riley Financial assumed coverage on shares of Starz Entertainment in a research note on Tuesday, June 30th. They issued a "buy" rating and a $45.00 price target on the stock. Wall Street Zen lowered shares of Starz Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Starz Entertainment from $13.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 price target on shares of Starz Entertainment in a research note on Tuesday, August 18th. Finally, Morgan Stanley set a $30.00 price objective on Starz Entertainment in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $31.50.
Read Our Latest Analysis on Starz Entertainment
Insider Buying and Selling at Starz Entertainment
In other news, insider James M. Kapenstein purchased 1,000 shares of the business's stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $25.73 per share, for a total transaction of $25,730.00. Following the acquisition, the insider directly owned 12,302 shares of the company's stock, valued at approximately $316,530.46. This represents a 8.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jason Wyrick sold 2,803 shares of Starz Entertainment stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $25.47, for a total transaction of $71,392.41. Following the sale, the executive vice president directly owned 27,241 shares in the company, valued at approximately $693,828.27. The trade was a 9.33% decrease in their position. The SEC filing for this sale provides additional information. 22.62% of the stock is currently owned by company insiders.
Starz Entertainment Profile
(
Free Report)
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.
Further Reading
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