Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) CEO Jeffrey Hirsch acquired 5,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were bought at an average price of $22.13 per share, with a total value of $110,650.00. Following the completion of the purchase, the chief executive officer directly owned 70,000 shares of the company’s stock, valued at approximately $1,549,100. This trade represents a 7.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Jeffrey Hirsch also recently made the following trade(s):
- On Monday, August 10th, Jeffrey Hirsch bought 10,000 shares of Starz Entertainment stock. The stock was purchased at an average price of $24.80 per share, for a total transaction of $248,000.00.
Starz Entertainment Stock Performance
NASDAQ:STRZ opened at $22.09 on Tuesday. Starz Entertainment Corp. has a 1-year low of $8.40 and a 1-year high of $32.58. The company’s fifty day moving average price is $24.61 and its 200-day moving average price is $20.60. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.05.
Starz Entertainment (NASDAQ:STRZ – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported ($2.02) EPS for the quarter, missing the consensus estimate of ($1.63) by ($0.39). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. The company had revenue of $322.40 million during the quarter. As a group, analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Starz Entertainment in the second quarter valued at approximately $35,599,000. NewEdge Wealth LLC acquired a new position in shares of Starz Entertainment in the second quarter valued at approximately $13,911,000. Ancora Advisors LLC acquired a new position in shares of Starz Entertainment in the second quarter valued at approximately $11,826,000. Bank of New York Mellon Corp purchased a new stake in Starz Entertainment during the 2nd quarter worth approximately $9,018,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Starz Entertainment during the 2nd quarter worth approximately $8,027,000.
Analyst Ratings Changes
A number of research firms recently weighed in on STRZ. Morgan Stanley set a $30.00 price target on shares of Starz Entertainment in a research report on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a report on Tuesday, October 27th. Raymond James Financial raised shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Friday. Citizens Jmp assumed coverage on Starz Entertainment in a report on Monday, September 14th. They set a “market outperform” rating and a $40.00 target price on the stock. Finally, Citigroup initiated coverage on Starz Entertainment in a research report on Monday, September 14th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.71.
Read Our Latest Report on Starz Entertainment
About Starz Entertainment
Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.
The company’s programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.
Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.
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