Key Points
- CEO Jeffrey Hirsch bought 10,000 Starz shares at an average price of $24.80, investing $248,000 and increasing his direct ownership by 18.18% to 65,000 shares.
- Starz shares opened at $23.95 and have traded between $8.40 and $32.58 over the past year. The company has a $400.71 million market capitalization and elevated leverage, with a debt-to-equity ratio of 1.26.
- Analyst sentiment is mixed, with ratings ranging from Sell to Strong Buy; the consensus is Hold with a target price of $30.83. Several institutional investors, including NewEdge Wealth and Royce & Associates, recently increased their positions.
Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) CEO Jeffrey Hirsch purchased 10,000 shares of the company's stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $24.80 per share, for a total transaction of $248,000.00. Following the purchase, the chief executive officer directly owned 65,000 shares in the company, valued at approximately $1,612,000. The trade was a 18.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Starz Entertainment Trading Down 1.4%
Shares of STRZ stock opened at $23.95 on Wednesday. Starz Entertainment Corp. has a 1 year low of $8.40 and a 1 year high of $32.58. The firm has a fifty day moving average price of $27.24 and a 200-day moving average price of $19.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $400.71 million, a price-to-earnings ratio of -0.94 and a beta of 2.46.
Hedge Funds Weigh In On Starz Entertainment
Several large investors have recently made changes to their positions in STRZ. NewEdge Wealth LLC boosted its stake in shares of Starz Entertainment by 15.5% in the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company's stock worth $8,317,000 after acquiring an additional 95,245 shares during the period. Strs Ohio raised its stake in Starz Entertainment by 1,955.5% during the 4th quarter. Strs Ohio now owns 45,900 shares of the company's stock valued at $537,000 after purchasing an additional 43,667 shares during the period. Hsbc Holdings PLC raised its stake in Starz Entertainment by 109.7% during the 4th quarter. Hsbc Holdings PLC now owns 36,504 shares of the company's stock valued at $428,000 after purchasing an additional 19,096 shares during the period. Royce & Associates LP lifted its holdings in Starz Entertainment by 21.5% in the 4th quarter. Royce & Associates LP now owns 440,645 shares of the company's stock worth $5,156,000 after purchasing an additional 78,000 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Starz Entertainment in the 1st quarter worth approximately $577,000.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on STRZ. Weiss Ratings reissued a "sell (d-)" rating on shares of Starz Entertainment in a report on Wednesday, July 29th. B. Riley Financial began coverage on Starz Entertainment in a research note on Tuesday, June 30th. They set a "buy" rating and a $45.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Starz Entertainment from $13.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $26.00 price target on shares of Starz Entertainment in a report on Friday, June 5th. Finally, Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a research note on Monday. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.83.
View Our Latest Report on Starz Entertainment
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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