Jeffrey Hirsch Acquires 10,000 Shares of Starz Entertainment (NASDAQ:STRZ) Stock

Starz Entertainment Corp. (NASDAQ:STRZGet 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

Several research firms have commented on STRZ. 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. 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. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Finally, 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. One equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.40.

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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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