Key Points
- Insider buying: James Kapenstein purchased 1,000 Starz Entertainment shares for $25,730, increasing his direct ownership by 8.85% to 12,302 shares.
- Stock performance: STRZ opened at $25.01, with a market capitalization of approximately $418.4 million and a 12-month trading range of $8.40 to $32.58.
- Analyst outlook: Analysts have an average rating of “Hold” and a consensus price target of $30.83, though individual ratings range from Sell to Strong Buy and price targets from $25 to $45.
Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) insider James Kapenstein bought 1,000 shares of the business's stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $25.73 per share, for a total transaction of $25,730.00. Following the completion of the acquisition, the insider directly owned 12,302 shares in the company, valued at approximately $316,530.46. This trade represents a 8.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Starz Entertainment Stock Up 4.4%
STRZ stock opened at $25.01 on Thursday. The company has a market cap of $418.42 million, a price-to-earnings ratio of -0.98 and a beta of 2.46. The company has a fifty day moving average price of $27.19 and a 200 day moving average price of $19.30. 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 12 month low of $8.40 and a 12 month high of $32.58.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Starz Entertainment from $13.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, May 29th. 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. Weiss Ratings restated a "sell (d-)" rating on shares of Starz Entertainment in a research report on Wednesday, July 29th. Raymond James Financial restated an "outperform" rating and issued a $29.00 price target on shares of Starz Entertainment in a research report on Friday, May 8th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $30.83.
Read Our Latest Stock Analysis on STRZ
Institutional Trading of Starz Entertainment
Several hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new position in Starz Entertainment during the second quarter worth $28,000. Advisory Services Network LLC acquired a new stake in Starz Entertainment in the third quarter valued at $36,000. BNP Paribas Financial Markets lifted its holdings in 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 acquiring an additional 1,274 shares during the period. Legal & General Group Plc acquired a new stake in Starz Entertainment in the second quarter valued at $41,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Starz Entertainment during the 2nd quarter worth $48,000.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
