Insider Buying: Starz Entertainment (NASDAQ:STRZ) Insider Acquires 5,000 Shares of Stock

Starz Entertainment Corp. (NASDAQ:STRZ) insider Scott Macdonald bought 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $20.59 per share, for a total transaction of $102,950.00. Following the purchase, the insider owned 18,757 shares in the company, valued at approximately $386,206.63. This trade represents a 36.35% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Starz Entertainment Stock Up 11.7%

Starz Entertainment stock traded up $2.29 during trading on Thursday, reaching $21.93. 544,636 shares of the company’s stock were exchanged, compared to its average volume of 161,070. Starz Entertainment Corp. has a 52-week low of $8.40 and a 52-week high of $23.63. The firm has a market cap of $366.91 million and a price-to-earnings ratio of -1.31. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.19 and a current ratio of 0.19. The company’s 50-day moving average is $15.53 and its two-hundred day moving average is $12.37.

Analysts Set New Price Targets

STRZ has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $29.00 price target on shares of Starz Entertainment in a research report on Friday, May 8th. Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the stock an “outperform” rating in a report on Monday. Finally, Morgan Stanley lifted their price objective on shares of Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Starz Entertainment presently has a consensus rating of “Hold” and a consensus price target of $26.40.

Institutional Trading of Starz Entertainment

Large investors have recently modified their holdings of the business. Alpine Global Management LLC acquired a new position in shares of Starz Entertainment in the third quarter worth about $1,948,000. NewEdge Wealth LLC grew its stake in Starz Entertainment by 15.5% during the 4th quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock valued at $8,317,000 after purchasing an additional 95,245 shares in the last quarter. Strs Ohio grew its stake in Starz Entertainment by 1,955.5% during the 4th quarter. Strs Ohio now owns 45,900 shares of the company’s stock valued at $537,000 after purchasing an additional 43,667 shares in the last quarter. Huber Capital Management LLC increased its holdings in Starz Entertainment by 40.5% during the 3rd quarter. Huber Capital Management LLC now owns 136,963 shares of the company’s stock worth $2,017,000 after purchasing an additional 39,492 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Starz Entertainment by 20.2% during the 3rd quarter. Royce & Associates LP now owns 362,645 shares of the company’s stock worth $5,342,000 after purchasing an additional 60,819 shares during the last quarter.

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.