Starz Entertainment (NASDAQ:STRZ) Insider Acquires 1,000 Shares

Key Points

• Insider buying: James Kapenstein purchased 1,000 Starz Entertainment shares at an average price of $25.73, increasing his holdings by 8.85% to 12,302 shares.
• Stock performance: STRZ recently traded at $25.01, with a 52-week range of $8.40 to $32.58 and a market capitalization of approximately $418.4 million.
• Analyst outlook: Starz has a consensus “Hold” rating and an average price target of $30.83, while institutional investors including Geode Capital Management and JPMorgan initiated positions during the second quarter.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) insider James Kapenstein acquired 1,000 shares of Starz Entertainment stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $25.73 per share, with a total value of $25,730.00. Following the completion of the purchase, the insider 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 legal filing with the SEC, which is accessible through this hyperlink.

Starz Entertainment Price Performance

Shares of STRZ stock traded up $1.06 on Wednesday, hitting $25.01. 235,730 shares of the stock traded hands, compared to its average volume of 161,053. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.31 and a quick ratio of 0.31. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58. The firm has a 50 day simple moving average of $27.24 and a two-hundred day simple moving average of $19.20. The firm has a market cap of $418.44 million, a price-to-earnings ratio of -0.98 and a beta of 2.46.

Wall Street Analysts Forecast Growth

STRZ has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Starz Entertainment from $13.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, May 29th. Wall Street Zen cut Starz Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Morgan Stanley set a $30.00 target price on Starz Entertainment in a research note on Monday. Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the stock an "outperform" rating in a report on Monday, May 11th. Finally, Raymond James Financial restated an "outperform" rating and issued a $29.00 price target on shares of Starz Entertainment in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Starz Entertainment presently has a consensus rating of "Hold" and an average price target of $30.83.

Institutional Trading of Starz Entertainment

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC purchased a new position in shares of Starz Entertainment during the second quarter valued at about $5,076,000. JPMorgan Chase & Co. purchased a new stake in shares of Starz Entertainment in the second quarter worth about $409,000. Legal & General Group Plc purchased a new stake in shares of Starz Entertainment in the second quarter worth about $41,000. Rhumbline Advisers bought a new position in Starz Entertainment during the second quarter valued at approximately $318,000. Finally, Russell Investments Group Ltd. bought a new position in Starz Entertainment during the second quarter valued at approximately $28,000.

About Starz Entertainment

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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