Key Points
- Insider sale: Starz Entertainment insider Alison Hoffman sold 13,661 shares on May 14 for about $292,619 at an average price of $21.42. After the sale, she still held 94,419 shares, a 12.64% reduction in her position.
- Stock and financial snapshot: Starz opened at $21.93, near its 52-week high of $23.63, with a market cap of $366.89 million. The company has a negative P/E ratio and low liquidity ratios, including a quick ratio and current ratio of 0.19.
- Analyst sentiment: Wall Street remains mixed on STRZ, with a consensus rating of Hold and an average price target of $26.40. Recent calls ranged from buys and outperform ratings to a sell rating from Weiss Ratings.
Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) insider Scott Macdonald bought 5,000 shares of Starz Entertainment stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $20.59 per share, with a total value of $102,950.00. Following the acquisition, the insider directly owned 18,757 shares of the company's stock, valued at approximately $386,206.63. The trade was a 36.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Starz Entertainment Price Performance
Shares of Starz Entertainment stock opened at $21.93 on Friday. The business has a 50 day simple moving average of $15.72 and a two-hundred day simple moving average of $12.44. Starz Entertainment Corp. has a 12 month low of $8.40 and a 12 month high of $23.63. The stock has a market capitalization of $366.89 million and a P/E ratio of -1.31. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on STRZ shares. Morgan Stanley increased their price target on Starz Entertainment from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Starz Entertainment in a report on Friday, May 1st. Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the company an "outperform" rating in a report on Monday. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $29.00 price target on shares of Starz Entertainment in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $26.40.
View Our Latest Research Report on STRZ
Institutional Investors Weigh In On Starz Entertainment
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in shares of Starz Entertainment by 101.8% in the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company's stock valued at $37,000 after purchasing an additional 1,274 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Starz Entertainment in the second quarter valued at approximately $28,000. Harbor Capital Advisors Inc. increased its stake in Starz Entertainment by 9.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 23,107 shares of the company's stock worth $270,000 after acquiring an additional 2,083 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Starz Entertainment during the third quarter worth $36,000. Finally, Legal & General Group Plc acquired a new stake in Starz Entertainment during the second quarter worth $41,000.
About Starz Entertainment
(
Get Free Report)
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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