Key Points
- Starz EVP Jason Wyrick sold 2,803 shares on June 2 at an average price of $25.47, totaling about $71,392. After the sale, he still held 27,241 shares, reducing his position by 9.33%.
- Starz shares were trading near their 52-week high, opening at $27.25 versus a low of $8.40 and a high of $28.14 over the past year. The company’s market cap was about $455.9 million.
- Analyst sentiment is mixed but generally cautious, with an average rating of “Hold” and a consensus price target of $28.80. Recent targets ranged from $21 to $30, while Weiss Ratings reiterated a sell rating.
Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) EVP Jason Wyrick sold 2,803 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $25.47, for a total value of $71,392.41. Following the completion of the transaction, the executive vice president owned 27,241 shares in the company, valued at $693,828.27. The trade was a 9.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Starz Entertainment Stock Performance
Starz Entertainment stock opened at $27.25 on Thursday. Starz Entertainment Corp. has a 12-month low of $8.40 and a 12-month high of $28.14. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.92. The business's 50-day moving average price is $18.33 and its two-hundred day moving average price is $13.67. The stock has a market cap of $455.89 million and a PE ratio of -1.63.
Institutional Trading of Starz Entertainment
Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Wealth LLC boosted its holdings in shares of Starz Entertainment by 15.5% during the 4th quarter. NewEdge Wealth LLC now owns 710,862 shares of the company's stock worth $8,317,000 after buying an additional 95,245 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Starz Entertainment by 21.5% during the 4th quarter. Royce & Associates LP now owns 440,645 shares of the company's stock worth $5,156,000 after buying an additional 78,000 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Starz Entertainment during the 2nd quarter worth approximately $5,076,000. J. Goldman & Co LP increased its position in Starz Entertainment by 21.6% in the 4th quarter. J. Goldman & Co LP now owns 255,690 shares of the company's stock valued at $2,992,000 after buying an additional 45,352 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Starz Entertainment by 632.9% in the 4th quarter. Russell Investments Group Ltd. now owns 210,771 shares of the company's stock valued at $2,466,000 after buying an additional 182,012 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Starz Entertainment from $13.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, May 29th. Raymond James Financial restated an "outperform" rating and set a $29.00 price target on shares of Starz Entertainment in a report on Friday, May 8th. 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. Morgan Stanley boosted their price target on Starz Entertainment from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 8th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Starz Entertainment in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $28.80.
Read Our Latest Stock Report on Starz Entertainment
Starz Entertainment Company Profile
(
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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