Starz Entertainment (NASDAQ:STRZ) EVP Sells $71,392.41 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ) EVP Jason Wyrick sold 2,803 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $25.47, for a total transaction of $71,392.41. Following the transaction, the executive vice president owned 27,241 shares in the company, valued at $693,828.27. This represents a 9.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Starz Entertainment Price Performance

STRZ opened at $26.13 on Friday. 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 stock has a market capitalization of $437.15 million and a P/E ratio of -1.56. The company’s 50-day simple moving average is $18.94 and its two-hundred day simple moving average is $13.88. Starz Entertainment Corp. has a 52-week low of $8.40 and a 52-week high of $28.24.

Hedge Funds Weigh In On Starz Entertainment

Several institutional investors have recently made changes to their positions in STRZ. NewEdge Wealth LLC grew its stake in Starz Entertainment by 15.5% in the fourth 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 during the last quarter. Royce & Associates LP grew its stake in Starz Entertainment by 21.5% in the fourth quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock valued at $5,156,000 after purchasing an additional 78,000 shares during the last quarter. Geode Capital Management LLC purchased a new position in Starz Entertainment in the second quarter valued at about $5,076,000. J. Goldman & Co LP grew its stake in Starz Entertainment by 21.6% in the fourth quarter. J. Goldman & Co LP now owns 255,690 shares of the company’s stock valued at $2,992,000 after purchasing an additional 45,352 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Starz Entertainment by 632.9% in the fourth quarter. Russell Investments Group Ltd. now owns 210,771 shares of the company’s stock valued at $2,466,000 after purchasing an additional 182,012 shares during the last quarter.

Trending Headlines about Starz Entertainment

Here are the key news stories impacting Starz Entertainment this week:

• Positive Sentiment: Starz ordered “Power: Legacy”, a new New York-set spinoff in the popular “Power” universe, with familiar characters returning. Article Title
• Positive Sentiment: Multiple reports echoed the same development, reinforcing the market’s view that Starz is investing in proven content that could help growth and retention. Article Title
• Positive Sentiment: The new spinoff adds to the “Power” franchise pipeline, which may be viewed as a positive catalyst for the Starz streaming platform and brand engagement. Article Title
• Neutral Sentiment: Investor coverage comparing Starz Entertainment with another media company appears routine and is unlikely to move the stock by itself. Article Title
• Neutral Sentiment: Starz participated in an industry event with a fireside chat, which may help visibility but is not a major near-term financial catalyst. Article Title
• Negative Sentiment: An executive stock sale by EVP Jason Wyrick may create some caution, since insider selling is often watched as a modest negative signal. Article Title

Wall Street Analysts Forecast Growth

STRZ has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $26.00 price objective on shares of Starz Entertainment in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 price objective on shares of Starz Entertainment in a research note on Friday, May 8th. Robert W. Baird set a $30.00 price objective on shares of Starz Entertainment and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. One equities 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 company’s stock. According to data from MarketBeat, Starz Entertainment currently has an average rating of “Hold” and a consensus target price of $28.33.

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.