Starz Entertainment (NASDAQ:STRZ) CEO Acquires 5,000 Shares of Company Stock

Key Points

• CEO Jeffrey Hirsch bought 5,000 Starz shares at an average price of $22.13, investing $110,650 and increasing his direct holdings by 7.69% to 70,000 shares.
• Starz reported quarterly revenue of $322.4 million but missed earnings expectations, posting a loss of $2.02 per share versus the consensus estimate of a $1.63 loss.
• Analyst sentiment is generally positive, with the stock holding a “Moderate Buy” consensus rating and an average price target of $33.71, although ratings range from “Strong Buy” to “Sell.”

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) CEO Jeffrey Hirsch acquired 5,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average cost of $22.13 per share, for a total transaction of $110,650.00. Following the completion of the transaction, the chief executive officer directly owned 70,000 shares in the company, valued at $1,549,100. This represents a 7.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey Hirsch also recently made the following trade(s):

• On Monday, August 10th, Jeffrey Hirsch purchased 10,000 shares of Starz Entertainment stock. The stock was bought at an average price of $24.80 per share, with a total value of $248,000.00.

Starz Entertainment Stock Performance

NASDAQ:STRZ opened at $22.09 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.05. The company has a 50 day simple moving average of $24.61 and a two-hundred day simple moving average of $20.60. Starz Entertainment Corp. has a 12 month low of $8.40 and a 12 month high of $32.58.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported ($2.02) earnings per share for the quarter, missing the consensus estimate of ($1.63) by ($0.39). The business had revenue of $322.40 million during the quarter. Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. Sell-side analysts expect that Starz Entertainment Corp. will post -6.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on STRZ shares. Weiss Ratings restated a "sell (d-)" rating on shares of Starz Entertainment in a research note on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $30.00 price objective on shares of Starz Entertainment in a report on Tuesday, August 18th. Raymond James Financial upgraded shares of Starz Entertainment from an "outperform" rating to a "strong-buy" rating and set a $36.00 price objective on the stock in a research report on Friday. Citizens Jmp began coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued a "market outperform" rating and a $40.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Starz Entertainment from a "sell" rating to a "hold" rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.71.

Hedge Funds Weigh In On Starz Entertainment

A number of large investors have recently made changes to their positions in STRZ. Hollow Brook Wealth Management LLC purchased a new position in shares of Starz Entertainment in the 3rd quarter worth approximately $360,000. State of Wyoming purchased a new stake in Starz Entertainment during the third quarter valued at approximately $184,000. Ratan Capital Management LP purchased a new stake in Starz Entertainment during the second quarter valued at approximately $368,000. Coastal Bridge Advisors LLC purchased a new stake in Starz Entertainment during the second quarter valued at approximately $4,056,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Starz Entertainment in the second quarter valued at approximately $8,027,000.

Starz Entertainment Company Profile

Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.

The company's programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.

Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.

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