Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) CEO Jeffrey Hirsch acquired 10,000 shares of Starz Entertainment stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $24.80 per share, with a total value of $248,000.00. Following the transaction, the chief executive officer owned 65,000 shares of the company’s stock, valued at $1,612,000. The trade was a 18.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Starz Entertainment Trading Up 4.4%
Starz Entertainment stock opened at $25.01 on Thursday. Starz Entertainment Corp. has a 52-week low of $8.40 and a 52-week high of $32.58. The company has a market cap of $418.42 million, a P/E ratio of -0.98 and a beta of 2.46. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.26. The business has a 50-day simple moving average of $27.19 and a two-hundred day simple moving average of $19.30.
Institutional Trading of Starz Entertainment
Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC purchased a new position in shares of Starz Entertainment during the second quarter valued at about $5,076,000. JPMorgan Chase & Co. purchased a new position in Starz Entertainment during the 2nd quarter valued at approximately $409,000. Legal & General Group Plc bought a new stake in Starz Entertainment in the 2nd quarter worth approximately $41,000. Rhumbline Advisers purchased a new stake in shares of Starz Entertainment during the 2nd quarter worth approximately $318,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment during the 2nd quarter valued at approximately $28,000.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Starz Entertainment
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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