James Kapenstein Buys 1,000 Shares of Starz Entertainment (NASDAQ:STRZ) Stock

Starz Entertainment Corp. (NASDAQ:STRZ) insider James Kapenstein purchased 1,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $25.73 per share, with a total value of $25,730.00. Following the completion of the transaction, the insider owned 12,302 shares of the company’s stock, valued at approximately $316,530.46. This trade represents a 8.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Starz Entertainment Stock Up 12.0%

Shares of NASDAQ:STRZ opened at $28.00 on Friday. The stock has a market capitalization of $468.44 million, a P/E ratio of -1.10 and a beta of 2.46. The stock’s 50-day moving average price is $27.19 and its 200-day moving average price is $19.43. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26. Starz Entertainment Corp. has a 12-month low of $8.40 and a 12-month high of $32.58.

Analysts Set New Price Targets

STRZ has been the topic of a number of analyst reports. B. Riley Financial assumed coverage on Starz Entertainment in a research note on Tuesday, June 30th. They issued a “buy” rating and a $45.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a research note on Friday, May 8th. Finally, Morgan Stanley set a $30.00 price target on shares of Starz Entertainment in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Starz Entertainment currently has an average rating of “Hold” and an average price target of $30.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STRZ. Russell Investments Group Ltd. bought a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $28,000. Advisory Services Network LLC bought a new position in shares of Starz Entertainment during the third quarter valued at approximately $36,000. BNP Paribas Financial Markets lifted its stake in Starz Entertainment by 101.8% in the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after acquiring an additional 1,274 shares during the period. Legal & General Group Plc purchased a new stake in Starz Entertainment in the second quarter worth $41,000. Finally, New York State Common Retirement Fund bought a new stake in Starz Entertainment in the second quarter valued at $48,000.

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.