Jefferies Financial Group Inc. acquired a new stake in shares of Starz Entertainment Corp. (NASDAQ:STRZ – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 278,133 shares of the company’s stock, valued at approximately $8,027,000. Jefferies Financial Group Inc. owned approximately 1.66% of Starz Entertainment at the end of the most recent quarter.
Several other large investors also recently modified their holdings of STRZ. BlackRock Inc. acquired a new position in shares of Starz Entertainment in the 2nd quarter worth approximately $35,599,000. NewEdge Wealth LLC acquired a new stake in Starz Entertainment in the 2nd quarter valued at $13,911,000. Ancora Advisors LLC acquired a new stake in Starz Entertainment in the 2nd quarter valued at $11,826,000. Geode Capital Management LLC bought a new stake in Starz Entertainment in the second quarter valued at $5,076,000. Finally, Bank of New York Mellon Corp bought a new stake in Starz Entertainment in the second quarter valued at $9,018,000.
Starz Entertainment Price Performance
Starz Entertainment stock opened at $27.17 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $465.15 million, a P/E ratio of -1.07 and a beta of 2.46. The business’s fifty day moving average is $27.09 and its two-hundred day moving average is $20.66. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on STRZ. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 price objective on shares of Starz Entertainment in a report on Tuesday, August 18th. Morgan Stanley set a $30.00 target price on shares of Starz Entertainment in a research report on Monday, August 10th. Raymond James Financial reissued an “outperform” rating and set a $29.00 price target on shares of Starz Entertainment in a report on Friday, May 8th. Wall Street Zen lowered shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Starz Entertainment has a consensus rating of “Hold” and a consensus target price of $31.50.
Check Out Our Latest Report on Starz Entertainment
Insiders Place Their Bets
In other Starz Entertainment news, EVP Jason Wyrick sold 2,803 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 directly owned 27,241 shares of the company’s stock, valued at approximately $693,828.27. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James M. Kapenstein bought 1,000 shares of Starz Entertainment stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $25.73 per share, for a total transaction of $25,730.00. Following the completion of the transaction, the insider directly owned 12,302 shares of the company’s stock, valued at $316,530.46. This represents a 8.85% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 22.62% of the company’s stock.
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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