Insider Buying: Starz Entertainment (NASDAQ:STRZ) Insider Acquires $10,506.40 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) insider James Kapenstein bought 460 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average price of $22.84 per share, with a total value of $10,506.40. Following the completion of the purchase, the insider directly owned 12,762 shares of the company’s stock, valued at $291,484.08. This represents a 3.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Starz Entertainment Stock Down 4.2%

Shares of STRZ stock opened at $24.32 on Friday. Starz Entertainment Corp. has a one year low of $8.40 and a one year high of $32.58. The stock has a fifty day moving average price of $24.34 and a 200 day moving average price of $20.80. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.59.

Starz Entertainment (NASDAQ:STRZ – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported ($2.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.63) by ($0.39). Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. The business had revenue of $322.40 million during the quarter. Research analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on STRZ. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $30.00 target price on shares of Starz Entertainment in a research note on Tuesday, August 18th. Wall Street Zen upgraded shares of Starz Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. Citigroup began coverage on Starz Entertainment in a report on Monday, September 14th. They set an “outperform” rating on the stock. Morgan Stanley set a $30.00 price objective on Starz Entertainment in a research note on Monday, August 10th. Finally, Citizens Jmp initiated coverage on Starz Entertainment in a research report on Monday, September 14th. They set a “market outperform” rating and a $40.00 target price 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 stock. According to MarketBeat.com, Starz Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $33.71.

View Our Latest Analysis on STRZ

Institutional Investors Weigh In On Starz Entertainment

Several large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Starz Entertainment during the second quarter worth approximately $35,599,000. NewEdge Wealth LLC bought 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 2nd quarter worth approximately $11,826,000. Bank of New York Mellon Corp acquired a new position in shares of Starz Entertainment in the 2nd quarter worth approximately $9,018,000. Finally, Jefferies Financial Group Inc. bought a new stake in Starz Entertainment during the 2nd quarter worth approximately $8,027,000.

About Starz Entertainment

(Get Free Report)

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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