Insider Selling: Starz Entertainment (NASDAQ:STRZ) Insider Sells $292,618.62 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ) insider Alison Hoffman sold 13,661 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $21.42, for a total transaction of $292,618.62. Following the sale, the insider directly owned 94,419 shares in the company, valued at $2,022,454.98. This represents a 12.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Starz Entertainment Trading Up 5.4%

Shares of STRZ stock opened at $23.12 on Friday. Starz Entertainment Corp. has a fifty-two week low of $8.40 and a fifty-two week high of $23.99. The company has a 50 day moving average price of $15.93 and a 200 day moving average price of $12.51. The stock has a market capitalization of $386.80 million and a P/E ratio of -1.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.19 and a current ratio of 0.19.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. 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 target on Starz Entertainment and gave the stock an “outperform” rating in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Finally, Morgan Stanley lifted their price objective on Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.40.

Hedge Funds Weigh In On Starz Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in Starz Entertainment during the 2nd quarter worth about $5,076,000. JPMorgan Chase & Co. purchased a new position in shares of Starz Entertainment in the 2nd quarter valued at about $409,000. Legal & General Group Plc purchased a new position in shares of Starz Entertainment in the 2nd quarter valued at about $41,000. Rhumbline Advisers acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth about $318,000. Finally, Russell Investments Group Ltd. purchased a new stake in Starz Entertainment during the second quarter worth approximately $28,000.

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.