Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $32.28 and last traded at $31.4750, with a volume of 39821 shares traded. The stock had previously closed at $28.86.
Wall Street Analyst Weigh In
STRZ has been the topic of a number of analyst reports. B. Riley Financial started coverage on Starz Entertainment in a research note on Tuesday. They issued a “buy” rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $26.00 price objective on shares of Starz Entertainment in a research note on Friday, June 5th. JPMorgan Chase & Co. upped their price objective on Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. Finally, Morgan Stanley raised their target price on Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.71.
Get Our Latest Stock Report on Starz Entertainment
Starz Entertainment Stock Performance
Insider Activity
In related news, EVP Jason Wyrick sold 2,803 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $25.47, for a total value of $71,392.41. Following the completion of the sale, the executive vice president owned 27,241 shares in the company, valued at $693,828.27. This represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott D. Macdonald acquired 5,000 shares of the stock in a transaction that occurred 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. This represents a 36.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 22.62% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of Starz Entertainment by 101.8% during the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after purchasing an additional 1,274 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Starz Entertainment in the 2nd quarter valued at approximately $28,000. Harbor Capital Advisors Inc. grew its position in shares of Starz Entertainment by 9.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 23,107 shares of the company’s stock valued at $270,000 after purchasing an additional 2,083 shares during the period. Advisory Services Network LLC bought a new stake in Starz Entertainment during the 3rd quarter worth approximately $36,000. Finally, Legal & General Group Plc acquired a new stake in Starz Entertainment during the 2nd quarter worth approximately $41,000.
Starz Entertainment Company Profile
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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