Starz Entertainment Corp. $STRZ Shares Sold by Capital Research Global Investors

Capital Research Global Investors cut its position in Starz Entertainment Corp. (NASDAQ:STRZ) by 41.6% in the fourth quarter, Holdings Channel reports. The firm owned 870,042 shares of the company’s stock after selling 618,570 shares during the period. Capital Research Global Investors owned 0.05% of Starz Entertainment worth $10,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in STRZ. Geode Capital Management LLC acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $5,076,000. Ancora Advisors LLC boosted 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 period. Marshall Wace LLP acquired a new stake in shares of Starz Entertainment during the second quarter worth about $2,212,000. Alpine Global Management LLC acquired a new stake in shares of Starz Entertainment during the third quarter worth about $1,948,000. Finally, Honeycomb Asset Management LP acquired a new stake in shares of Starz Entertainment during the second quarter worth about $1,607,000.

Starz Entertainment Stock Up 3.9%

Starz Entertainment stock opened at $27.27 on Wednesday. Starz Entertainment Corp. has a twelve month low of $8.40 and a twelve month high of $28.24. The stock has a 50 day moving average of $19.54 and a two-hundred day moving average of $14.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $456.23 million and a price-to-earnings ratio of -1.63.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the stock an “outperform” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $26.00 price objective on shares of Starz Entertainment in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Morgan Stanley increased their price objective on Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Starz Entertainment presently has an average rating of “Hold” and an average target price of $28.33.

Insider Buying and Selling

In other Starz Entertainment news, EVP Jason Wyrick sold 2,803 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $25.47, for a total transaction of $71,392.41. Following the completion of the sale, the executive vice president directly owned 27,241 shares of the company’s stock, valued at approximately $693,828.27. This trade represents a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott D. Macdonald purchased 5,000 shares of Starz Entertainment stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $20.59 per share, with a total value of $102,950.00. Following the completion of the acquisition, the insider directly owned 18,757 shares in the company, valued at approximately $386,206.63. This trade represents a 36.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 22.62% of the stock is owned by company insiders.

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.