Insider Buying: Starz Entertainment (NASDAQ:STRZ) CEO Buys $110,650.00 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch acquired 5,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was acquired at an average cost of $22.13 per share, with a total value of $110,650.00. Following the completion of the transaction, the chief executive officer owned 70,000 shares in the company, valued at approximately $1,549,100. This represents a 7.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Jeffrey Hirsch also recently made the following trade(s):

• On Monday, August 10th, Jeffrey Hirsch acquired 10,000 shares of Starz Entertainment stock. The stock was acquired at an average cost of $24.80 per share, for a total transaction of $248,000.00.

Starz Entertainment Stock Down 4.2%

Shares of NASDAQ:STRZ opened at $24.32 on Friday. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50-day moving average is $24.34 and its 200-day moving average is $20.80. Starz Entertainment Corp. has a 1 year low of $8.40 and a 1 year high of $32.58.

Starz Entertainment (NASDAQ:STRZ) last released its earnings results on Thursday, October 29th. The company reported ($2.02) EPS for the quarter, missing the consensus estimate of ($1.63) by ($0.39). The business had revenue of $322.40 million for the quarter. Starz Entertainment had a negative return on equity of 34.04% and a negative net margin of 32.52%. On average, research analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STRZ. Legal & General Group Plc bought a new position in shares of Starz Entertainment in the 2nd quarter worth $34,000. Persistent Asset Partners Ltd acquired a new stake in Starz Entertainment in the 2nd quarter valued at $196,000. State of Wyoming acquired a new stake in Starz Entertainment in the 3rd quarter valued at $184,000. Deutsche Bank AG bought a new stake in Starz Entertainment during the 2nd quarter valued at $342,000. Finally, Ratan Capital Management LP bought a new stake in Starz Entertainment during the 2nd quarter valued at $368,000.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Raymond James Financial raised shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Friday, October 30th. Citizens Jmp assumed coverage on shares of Starz Entertainment in a research report on Monday, September 14th. They set a “market outperform” rating and a $40.00 target price on the stock. Wall Street Zen raised shares of Starz Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. Citigroup began coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued an “outperform” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research note on Tuesday, October 27th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.71.

Starz Entertainment Company Profile

Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.

The company’s programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.

Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.