Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) EVP Jason Wyrick sold 2,803 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $25.47, for a total value of $71,392.41. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink.
Starz Entertainment Stock Up 3.8%
Shares of Starz Entertainment stock opened at $27.25 on Thursday. Starz Entertainment Corp. has a 12-month low of $8.40 and a 12-month high of $28.14. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average price of $18.33 and a two-hundred day moving average price of $13.67. The stock has a market capitalization of $455.89 million and a P/E ratio of -1.63.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Morgan Stanley increased their price objective on Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Robert W. Baird set a $30.00 price objective on Starz Entertainment and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $29.00 price objective on shares of Starz Entertainment in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Starz Entertainment presently has a consensus rating of “Hold” and a consensus target price of $28.80.
Institutional Trading of Starz Entertainment
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Starz Entertainment by 35.2% during the 1st quarter. Bank of America Corp DE now owns 90,937 shares of the company’s stock worth $1,046,000 after buying an additional 23,689 shares during the period. Renaissance Technologies LLC acquired a new position in Starz Entertainment during the 1st quarter worth approximately $577,000. Gamco Investors INC. ET AL boosted its holdings in shares of Starz Entertainment by 4.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock valued at $833,000 after buying an additional 3,000 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Starz Entertainment in the 1st quarter valued at approximately $190,000. Finally, Hsbc Holdings PLC increased its position in Starz Entertainment by 11.6% during the first quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock worth $469,000 after buying an additional 4,243 shares during the last quarter.
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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