Starz Entertainment (NASDAQ:STRZ) CFO Buys $55,550.00 in Stock

Key Points

• CFO Scott Macdonald bought 2,500 shares for $55,550 at $22.22 per share, increasing his stake by 5.7% to 46,331 shares.
• Starz reported quarterly revenue of $322.4 million but missed earnings expectations, posting a loss of $2.02 per share versus the $1.63 loss analysts forecast.
• Analysts have a consensus “Moderate Buy” rating and a $33.71 price target; shares traded at $23.36 in the article’s reported session.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) CFO Scott Macdonald purchased 2,500 shares of Starz Entertainment stock in a transaction on Monday, November 2nd. The shares were purchased at an average cost of $22.22 per share, with a total value of $55,550.00. Following the transaction, the chief financial officer owned 46,331 shares in the company, valued at approximately $1,029,474.82. The trade was a 5.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Starz Entertainment Stock Performance

NASDAQ STRZ traded up $1.27 on Tuesday, hitting $23.36. 354,249 shares of the stock were exchanged, compared to its average volume of 201,574. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $399.92 million, a PE ratio of -0.96 and a beta of 2.55. The business's fifty day moving average is $24.61 and its 200 day moving average is $20.60.

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 (EPS) for the quarter, missing the consensus estimate of ($1.63) by ($0.39). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. The company had revenue of $322.40 million for the quarter. Research analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new stake in shares of Starz Entertainment in the second quarter valued at $34,000. Gamco Investors INC. ET AL boosted its stake in shares of Starz Entertainment by 4.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company's stock worth $833,000 after purchasing an additional 3,000 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Starz Entertainment by 11.6% during the 1st quarter. Hsbc Holdings PLC now owns 40,747 shares of the company's stock worth $469,000 after purchasing an additional 4,243 shares during the period. Persistent Asset Partners Ltd bought a new position in Starz Entertainment during the 2nd quarter valued at about $196,000. Finally, State of Wyoming bought a new position in Starz Entertainment during the 3rd quarter valued at about $184,000.

Analyst Upgrades and Downgrades

STRZ has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 price objective on shares of Starz Entertainment in a research note on Tuesday, August 18th. Citizens Jmp began coverage on Starz Entertainment in a report on Monday, September 14th. They issued a "market outperform" rating and a $40.00 price target on the stock. Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a research note on Monday, August 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Starz Entertainment in a report on Tuesday, October 27th. Finally, Raymond James Financial raised Starz Entertainment from an "outperform" rating to a "strong-buy" rating and set a $36.00 target price on the stock in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.71.

About Starz Entertainment

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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