Starz Entertainment (NASDAQ:STRZ) Insider Buys 460 Shares of Company Stock

Key Points

• Insider James Kapenstein purchased 460 Starz shares at an average price of $22.84, investing $10,506.40 and increasing his holdings by 3.74% to 12,762 shares.
• Starz reported quarterly revenue of $322.4 million but posted an EPS loss of $2.02, missing the consensus estimate of a $1.63 loss; analysts expect a full-year loss of $6.12 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $33.71 price target, while several institutional investors recently established positions in the company.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) insider James Kapenstein bought 460 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of $22.84 per share, for a total transaction of $10,506.40. Following the completion of the acquisition, the insider directly owned 12,762 shares in the company, valued at $291,484.08. The trade was a 3.74% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Starz Entertainment Price Performance

STRZ opened at $22.09 on Tuesday. Starz Entertainment Corp. has a 1-year low of $8.40 and a 1-year high of $32.58. The stock's fifty day simple moving average is $24.61 and its 200 day simple moving average is $20.60. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.05. The stock has a market cap of $378.18 million, a PE ratio of -0.91 and a beta of 2.55.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last announced its quarterly earnings results 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 net margin of 33.98% and a negative return on equity of 25.64%. The business had revenue of $322.40 million for the quarter. As a group, research analysts expect that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Institutional Investors Weigh In On Starz Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. Hollow Brook Wealth Management LLC bought a new stake in shares of Starz Entertainment in the third quarter valued at about $360,000. State of Wyoming bought a new position in Starz Entertainment during the third quarter worth about $184,000. Ratan Capital Management LP bought a new position in Starz Entertainment during the second quarter worth about $368,000. Coastal Bridge Advisors LLC acquired a new stake in Starz Entertainment in the 2nd quarter worth about $4,056,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Starz Entertainment in the 2nd quarter worth about $8,027,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on STRZ. Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a research report on Monday, August 10th. Citigroup started coverage on shares of Starz Entertainment in a report on Monday, September 14th. They set an "outperform" rating for the company. Raymond James Financial upgraded shares of Starz Entertainment from an "outperform" rating to a "strong-buy" rating and set a $36.00 price target on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $30.00 price objective on shares of Starz Entertainment in a research report on Tuesday, August 18th. Finally, Citizens Jmp started coverage on Starz Entertainment in a report on Monday, September 14th. They set a "market outperform" rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.71.

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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