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

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $20.72 per share, for a total transaction of $207,200.00. Following the acquisition, the chief executive officer directly owned 55,000 shares in the company, valued at $1,139,600. This represents a 22.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Starz Entertainment Stock Performance

Shares of STRZ stock opened at $19.64 on Thursday. Starz Entertainment Corp. has a 12 month low of $8.40 and a 12 month high of $22.98. 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 firm has a market capitalization of $328.60 million and a P/E ratio of -1.17. The company’s fifty day moving average price is $15.53 and its two-hundred day moving average price is $12.37.

Institutional Investors Weigh In On Starz Entertainment

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $28,000. Advisory Services Network LLC bought a new stake in shares of Starz Entertainment during the 3rd quarter valued at about $36,000. BNP Paribas Financial Markets grew its position in shares of Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after buying an additional 1,274 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $41,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $48,000.

Analyst Ratings Changes

STRZ has been the topic of a number of recent analyst reports. Morgan Stanley boosted 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the stock an “outperform” rating in a research report on Monday. Finally, Raymond James Financial reissued an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Starz Entertainment has an average rating of “Hold” and an average target price of $26.40.

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.