Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) insider James Kapenstein bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $25.73 per share, for a total transaction of $25,730.00. Following the acquisition, the insider directly owned 12,302 shares of the company’s stock, valued at $316,530.46. The trade was a 8.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Starz Entertainment Stock Up 4.4%
Starz Entertainment stock opened at $25.01 on Thursday. Starz Entertainment Corp. has a 1-year low of $8.40 and a 1-year high of $32.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $418.42 million, a PE ratio of -0.98 and a beta of 2.46. The stock’s fifty day moving average is $27.19 and its two-hundred day moving average is $19.30.
Analysts Set New Price Targets
STRZ has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Starz Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Raymond James Financial restated an “outperform” rating and set a $29.00 target price on shares of Starz Entertainment in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $26.00 price target on shares of Starz Entertainment in a report on Friday, June 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a report on Wednesday, July 29th. Finally, Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Starz Entertainment presently has a consensus rating of “Hold” and an average target price of $30.83.
Hedge Funds Weigh In On Starz Entertainment
Hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $1,411,000. NewEdge Wealth LLC acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $13,911,000. BlackRock Inc. purchased a new position in Starz Entertainment during the 2nd quarter worth approximately $35,599,000. Deutsche Bank AG purchased a new position in Starz Entertainment during the 2nd quarter worth approximately $342,000. Finally, Persistent Asset Partners Ltd acquired a new position in Starz Entertainment during the second quarter worth approximately $196,000.
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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