Scott Macdonald Acquires 5,000 Shares of Starz Entertainment (NASDAQ:STRZ) Stock

Starz Entertainment Corp. (NASDAQ:STRZGet Free Report) insider Scott Macdonald bought 5,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $20.59 per share, with a total value of $102,950.00. Following the transaction, the insider owned 18,757 shares in the company, valued at $386,206.63. The trade was a 36.35% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Starz Entertainment Price Performance

NASDAQ STRZ opened at $23.12 on Friday. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $23.99. 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 $386.80 million and a price-to-earnings ratio of -1.38. The company has a 50-day moving average price of $15.93 and a two-hundred day moving average price of $12.51.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Alpine Global Management LLC acquired a new position in shares of Starz Entertainment during the third quarter valued at approximately $1,948,000. NewEdge Wealth LLC increased its stake in shares of Starz Entertainment by 15.5% during the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock valued at $8,317,000 after acquiring an additional 95,245 shares during the period. Strs Ohio increased its stake in shares of Starz Entertainment by 1,955.5% during the fourth quarter. Strs Ohio now owns 45,900 shares of the company’s stock valued at $537,000 after acquiring an additional 43,667 shares during the period. Huber Capital Management LLC increased its stake in shares of Starz Entertainment by 40.5% during the third quarter. Huber Capital Management LLC now owns 136,963 shares of the company’s stock valued at $2,017,000 after acquiring an additional 39,492 shares during the period. Finally, Royce & Associates LP increased its stake in shares of Starz Entertainment by 20.2% during the third quarter. Royce & Associates LP now owns 362,645 shares of the company’s stock valued at $5,342,000 after acquiring an additional 60,819 shares during the period.

Analysts Set New Price Targets

Several research firms have commented on STRZ. Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Morgan Stanley upped their target price on shares of Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a research report on Friday, May 8th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Starz Entertainment currently has a consensus rating of “Hold” and an average target price of $26.40.

Get Our Latest Stock Analysis on STRZ

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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