Starz Entertainment (NASDAQ:STRZ) Reaches New 12-Month High – Time to Buy?

Starz Entertainment Corp. (NASDAQ:STRZ)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $32.28 and last traded at $31.4750, with a volume of 39821 shares. The stock had previously closed at $28.86.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STRZ. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Starz Entertainment in a report on Friday, May 8th. JPMorgan Chase & Co. increased their price target on Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st. B. Riley Financial assumed coverage on Starz Entertainment in a report on Tuesday. They set a “buy” rating and a $45.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $26.00 price objective on shares of Starz Entertainment in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Starz Entertainment presently has an average rating of “Hold” and a consensus price target of $30.71.

Starz Entertainment Trading Up 11.3%

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 firm has a market cap of $537.45 million and a price-to-earnings ratio of -1.92. The business’s fifty day moving average is $23.66 and its two-hundred day moving average is $15.94.

Insider Transactions at Starz Entertainment

In other news, insider Scott D. Macdonald purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $20.59 per share, with a total value of $102,950.00. Following the completion of the purchase, the insider directly owned 18,757 shares of the company’s stock, valued at $386,206.63. The trade was a 36.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Hirsch purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost of $20.72 per share, for a total transaction of $207,200.00. Following the purchase, the chief executive officer directly owned 55,000 shares of the company’s stock, valued at $1,139,600. This trade represents a 22.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 22.62% of the company’s stock.

Institutional Trading of Starz Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new position in Starz Entertainment during the 2nd quarter valued at about $5,076,000. Russell Investments Group Ltd. grew its position in shares of Starz Entertainment by 632.9% during the 4th quarter. Russell Investments Group Ltd. now owns 210,771 shares of the company’s stock worth $2,466,000 after buying an additional 182,012 shares during the period. Ancora Advisors LLC raised its stake in shares of Starz Entertainment by 547.1% during the third quarter. Ancora Advisors LLC now owns 175,325 shares of the company’s stock worth $2,583,000 after buying an additional 148,230 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Starz Entertainment during the second quarter worth approximately $2,212,000. Finally, Alpine Global Management LLC acquired a new position in Starz Entertainment in the third quarter valued at approximately $1,948,000.

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.