Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) CEO Jeffrey Hirsch acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $20.72 per share, with a total value of $207,200.00. Following the transaction, the chief executive officer owned 55,000 shares in the company, valued at approximately $1,139,600. The trade was a 22.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Starz Entertainment Price Performance
NASDAQ STRZ opened at $19.64 on Thursday. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $22.98. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.92. The stock has a market cap of $328.60 million and a price-to-earnings ratio of -1.17. The company has a 50-day moving average price of $15.53 and a two-hundred day moving average price of $12.37.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in STRZ. Geode Capital Management LLC bought a new position in shares of Starz Entertainment in the second quarter valued at approximately $5,076,000. JPMorgan Chase & Co. bought a new position in shares of Starz Entertainment in the second quarter valued at approximately $409,000. Legal & General Group Plc bought a new position in shares of Starz Entertainment in the second quarter valued at approximately $41,000. Rhumbline Advisers bought a new position in shares of Starz Entertainment in the second quarter valued at approximately $318,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment in the second quarter valued at approximately $28,000.
Analyst Ratings Changes
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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