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

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $24.80 per share, for a total transaction of $248,000.00. Following the completion of the transaction, the chief executive officer directly owned 65,000 shares in the company, valued at $1,612,000. This represents a 18.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Starz Entertainment Stock Performance

Shares of STRZ opened at $23.95 on Wednesday. The company has a market cap of $400.71 million, a price-to-earnings ratio of -0.94 and a beta of 2.46. The business’s fifty day simple moving average is $27.24 and its two-hundred day simple moving average is $19.20. Starz Entertainment Corp. has a 12 month low of $8.40 and a 12 month high of $32.58. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26.

Institutional Trading of Starz Entertainment

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in Starz Entertainment in the second 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 stake 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 purchasing an additional 1,274 shares during the period. Legal & General Group Plc purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $41,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $48,000.

Analyst Ratings Changes

Several research firms recently commented on STRZ. Morgan Stanley set a $30.00 price objective on Starz Entertainment in a research report on Monday. B. Riley Financial started coverage on shares of Starz Entertainment in a research note on Tuesday, June 30th. They set a “buy” rating and a $45.00 target price on the stock. Raymond James Financial restated an “outperform” rating and set a $29.00 target price on shares of Starz Entertainment in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $26.00 price target on shares of Starz Entertainment in a research note on Friday, June 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a report on Wednesday, July 29th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Starz Entertainment currently has an average rating of “Hold” and an average price target of $30.83.

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.