Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) CFO Scott Macdonald purchased 2,500 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were bought at an average cost of $22.22 per share, with a total value of $55,550.00. Following the purchase, the chief financial officer directly owned 46,331 shares of the company’s stock, valued at approximately $1,029,474.82. This represents a 5.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Starz Entertainment Trading Up 5.7%
Shares of STRZ opened at $23.36 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.59. The company has a 50 day moving average price of $24.50 and a 200-day moving average price of $20.66. Starz Entertainment Corp. has a fifty-two week low of $8.40 and a fifty-two week high of $32.58.
Starz Entertainment (NASDAQ:STRZ – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported ($2.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.63) by ($0.39). The business had revenue of $322.40 million for the quarter. Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. As a group, research analysts forecast that Starz Entertainment Corp. will post -6.12 EPS for the current year.
Key Starz Entertainment News
Here are the key news stories impacting Starz Entertainment this week:
- Positive Sentiment: CEO Jeffrey Hirsch bought 5,000 shares at an average $22.13, while CFO Scott Macdonald bought 2,500 at $22.22. Insider James Kapenstein also added 460 shares. These purchases may signal confidence in the company’s prospects. Read More.; Read More.; Read More..
- Positive Sentiment: A recent earnings review highlighted OTT revenue growth, margin expansion and strong free cash flow, and said 2026 OIBDA guidance was raised to $220 million. It also pointed to owned content as a potential source of subscriber growth and licensing opportunities. Read More..
- Positive Sentiment: Raymond James upgraded Starz, adding a favorable analyst signal, although the supplied report does not specify the new rating or price target. Read More..
- Neutral Sentiment: Starz is backing an HBCU film festival at Howard University, offering participants industry exposure and Hollywood opportunities. The sponsorship may support the brand, but its near-term financial effect is unclear. Read More..
- Neutral Sentiment: Byron Allen reportedly sold his Starz investment for a $20 million gain. The profit highlights investor interest, but the sale itself is not evidence of a change in Starz’s business outlook. Read More..
- Negative Sentiment: Recent quarterly results showed an EPS loss of $2.02, wider than analysts’ expected $1.63 loss. Starz also has substantial debt and a low current ratio, tempering the positive operating commentary.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on STRZ shares. Citizens Jmp assumed coverage on Starz Entertainment in a report on Monday, September 14th. They issued a “market outperform” rating and a $40.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $30.00 price objective on shares of Starz Entertainment in a research note on Tuesday, August 18th. Citigroup began coverage on Starz Entertainment in a research report on Monday, September 14th. They set an “outperform” rating on the stock. Morgan Stanley set a $30.00 target price on Starz Entertainment in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Starz Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.71.
View Our Latest Research Report on Starz Entertainment
Institutional Investors Weigh In On Starz Entertainment
Institutional investors have recently bought and sold shares of the company. Hollow Brook Wealth Management LLC purchased a new position in Starz Entertainment in the third quarter worth $360,000. State of Wyoming acquired a new position in shares of Starz Entertainment during the third quarter worth $184,000. Ratan Capital Management LP purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at $368,000. Coastal Bridge Advisors LLC purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at $4,056,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at $8,027,000.
About Starz Entertainment
Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.
The company’s programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.
Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.
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