Starz Entertainment (NASDAQ:STRZ) CEO Acquires 10,000 Shares

Key Points

• CEO Jeffrey Hirsch purchased 10,000 Starz shares at an average price of $24.80, investing $248,000 and increasing his stake by 18.18% to 65,000 shares.
• Starz shares fell 1.4% to $23.95, while the company reported a $400.68 million market capitalization, high leverage, and a price below its 50-day moving average.
• Analyst sentiment is mixed: MarketBeat lists an average “Hold” rating and a $30.83 price target, with ratings ranging from Strong Buy to Sell.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) CEO Jeffrey Hirsch bought 10,000 shares of Starz Entertainment stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $24.80 per share, for a total transaction of $248,000.00. Following the acquisition, the chief executive officer owned 65,000 shares in the company, valued at $1,612,000. The trade was a 18.18% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Starz Entertainment Trading Down 1.4%

Shares of Starz Entertainment stock traded down $0.33 on Tuesday, hitting $23.95. The stock had a trading volume of 185,449 shares, compared to its average volume of 160,545. The stock's 50-day simple moving average is $27.28 and its two-hundred day simple moving average is $19.10. Starz Entertainment Corp. has a one year low of $8.40 and a one year high of $32.58. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.26. The stock has a market cap of $400.68 million, a price-to-earnings ratio of -0.94 and a beta of 2.46.

Institutional Investors Weigh In On Starz Entertainment

Several hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in Starz Entertainment in the second quarter worth about $28,000. Advisory Services Network LLC purchased a new position in shares of Starz Entertainment during the third quarter valued at approximately $36,000. BNP Paribas Financial Markets boosted its position in shares of Starz Entertainment by 101.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company's stock worth $37,000 after purchasing an additional 1,274 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $41,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $48,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on STRZ. Wall Street Zen lowered Starz Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and issued a $29.00 target price on shares of Starz Entertainment in a research report on Friday, May 8th. Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the company an "outperform" rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Starz Entertainment in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their target price on Starz Entertainment from $13.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Starz Entertainment presently has an average rating of "Hold" and an average price target of $30.83.

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.

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