Starz Entertainment (NASDAQ:STRZ) Trading Up 7.7% - Still a Buy?

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) shares were up 7.7% on Friday . The stock traded as high as $19.94 and last traded at $19.75. Approximately 117,127 shares traded hands during trading, a decline of 24% from the average daily volume of 154,135 shares. The stock had previously closed at $18.34.

Analysts Set New Price Targets

Separately, Morgan Stanley set a $20.00 target price on shares of Starz Entertainment in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $21.40.

Starz Entertainment Stock Up 7.7%

The company's fifty day moving average is $14.09 and its 200-day moving average is $11.93. The company has a market cap of $330.42 million and a PE ratio of -3.25. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.92.

Insider Buying and Selling at Starz Entertainment

In other news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of Starz Entertainment stock in a transaction on Friday, March 6th. The shares were sold at an average price of $13.86, for a total transaction of $25,000,473.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 22.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Alpine Global Management LLC purchased a new position in shares of Starz Entertainment during the 3rd quarter valued at $1,948,000. Huber Capital Management LLC lifted its stake in shares of Starz Entertainment by 40.5% during the 3rd quarter. Huber Capital Management LLC now owns 136,963 shares of the company's stock valued at $2,017,000 after buying an additional 39,492 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Starz Entertainment by 20.2% during the 3rd quarter. Royce & Associates LP now owns 362,645 shares of the company's stock valued at $5,342,000 after buying an additional 60,819 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Starz Entertainment by 10.2% during the 4th quarter. Gabelli Funds LLC now owns 86,500 shares of the company's stock valued at $1,012,000 after buying an additional 8,000 shares in the last quarter. Finally, NewEdge Wealth LLC increased its holdings in Starz Entertainment by 15.5% in the 4th quarter. NewEdge Wealth LLC now owns 710,862 shares of the company's stock valued at $8,317,000 after acquiring an additional 95,245 shares during the last quarter.

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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