Starz Entertainment (NASDAQ:STRZ) CEO Jeffrey Hirsch Buys 10,000 Shares of Stock

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch bought 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $24.80 per share, for a total transaction of $248,000.00. Following the completion of the purchase, the chief executive officer owned 65,000 shares of the company’s stock, valued at approximately $1,612,000. The trade was a 18.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Starz Entertainment Stock Down 1.4%

Shares of NASDAQ:STRZ traded down $0.33 on Tuesday, hitting $23.95. 185,449 shares of the company traded hands, compared to its average volume of 160,545. The stock has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $19.10. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.26. The company has a market cap of $400.68 million, a PE ratio of -0.94 and a beta of 2.46. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Starz Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a report on Wednesday, July 29th. B. Riley Financial began coverage on shares of Starz Entertainment in a research report on Tuesday, June 30th. They set a “buy” rating and a $45.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Starz Entertainment in a research report on Friday, June 5th. Finally, Morgan Stanley set a $30.00 target price on Starz Entertainment in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.83.

Institutional Investors Weigh In On Starz Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in STRZ. BlackRock Inc. bought a new stake in Starz Entertainment in the 2nd quarter worth approximately $35,599,000. NewEdge Wealth LLC grew its holdings in shares of Starz Entertainment by 15.5% in the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock worth $8,317,000 after acquiring an additional 95,245 shares during the period. Royce & Associates LP increased its position in Starz Entertainment by 21.5% during the fourth quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock valued at $5,156,000 after acquiring an additional 78,000 shares during the last quarter. Geode Capital Management LLC bought a new position in Starz Entertainment in the second quarter valued at about $5,076,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Starz Entertainment in the second quarter worth approximately $9,018,000.

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.