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

Starz Entertainment Corp. (NASDAQ:STRZ) insider James Kapenstein purchased 460 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought 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 owned 12,762 shares of the company’s stock, valued at $291,484.08. This trade represents a 3.74% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Starz Entertainment Stock Performance

Shares of NASDAQ:STRZ opened at $22.09 on Tuesday. The business’s 50 day simple moving average is $24.61 and its 200 day simple moving average is $20.60. Starz Entertainment Corp. has a 1 year low of $8.40 and a 1 year high of $32.58. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $378.18 million, a P/E ratio of -0.91 and a beta of 2.55.

Starz Entertainment (NASDAQ:STRZ) last announced its quarterly earnings data on Thursday, October 29th. The company reported ($2.02) earnings per share for the quarter, missing the consensus estimate of ($1.63) by ($0.39). The company had revenue of $322.40 million during the quarter. Starz Entertainment had a negative net margin of 33.98% and a negative return on equity of 25.64%. On average, research analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current fiscal year.

Analysts Set New Price Targets

STRZ has been the topic of a number of recent analyst reports. Morgan Stanley set a $30.00 price target on Starz Entertainment in a research report on Monday, August 10th. Raymond James Financial upgraded shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $30.00 target price on shares of Starz Entertainment in a report on Tuesday, August 18th. Citigroup began coverage on shares of Starz Entertainment in a research report on Monday, September 14th. They issued an “outperform” rating for the company. Finally, Wall Street Zen raised shares of Starz Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.71.

Institutional Trading of Starz Entertainment

Several large investors have recently bought and sold shares of STRZ. BlackRock Inc. bought a new position in Starz Entertainment in the second quarter valued at about $35,599,000. NewEdge Wealth LLC bought a new position in shares of Starz Entertainment in the second quarter worth about $13,911,000. Ancora Advisors LLC acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at approximately $11,826,000. Bank of New York Mellon Corp acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at approximately $9,018,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Starz Entertainment during the 2nd quarter valued at approximately $8,027,000.

Starz Entertainment Company Profile

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.