Royce & Associates LP Has $5.16 Million Stake in Starz Entertainment Corp. $STRZ

Royce & Associates LP raised its position in shares of Starz Entertainment Corp. (NASDAQ:STRZ) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 440,645 shares of the company’s stock after buying an additional 78,000 shares during the period. Royce & Associates LP owned about 2.63% of Starz Entertainment worth $5,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Systematic Financial Management LP acquired a new stake in shares of Starz Entertainment during the fourth quarter worth approximately $246,000. Gamco Investors INC. ET AL increased its holdings in shares of Starz Entertainment by 13.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 69,411 shares of the company’s stock worth $812,000 after buying an additional 8,095 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Starz Entertainment by 10.2% during the fourth quarter. Gabelli Funds LLC now owns 86,500 shares of the company’s stock worth $1,012,000 after buying an additional 8,000 shares in the last quarter. NewEdge Wealth LLC increased its holdings in shares of Starz Entertainment by 15.5% during the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock worth $8,317,000 after buying an additional 95,245 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Starz Entertainment by 1,955.5% during the fourth quarter. Strs Ohio now owns 45,900 shares of the company’s stock worth $537,000 after buying an additional 43,667 shares in the last quarter.

Insider Buying and Selling at Starz Entertainment

In other Starz Entertainment news, insider Scott D. Macdonald acquired 5,000 shares of Starz Entertainment stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $20.59 per share, with a total value of $102,950.00. Following the completion of the purchase, the insider owned 18,757 shares in the company, valued at $386,206.63. The trade was a 36.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $13.86, for a total transaction of $25,000,473.96. The disclosure for this sale is available in the SEC filing. 22.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STRZ. Morgan Stanley raised their price objective on shares of Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $29.00 price target on shares of Starz Entertainment in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. Robert W. Baird set a $30.00 price target on shares of Starz Entertainment and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.80.

Starz Entertainment Price Performance

STRZ opened at $23.38 on Friday. Starz Entertainment Corp. has a one year low of $8.40 and a one year high of $24.65. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19. The company’s 50 day simple moving average is $17.49 and its 200-day simple moving average is $13.32. The stock has a market capitalization of $391.17 million and a P/E ratio of -1.39.

Starz Entertainment Company Profile

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.