Insider Buying: Starz Entertainment (NASDAQ:STRZ) CEO Buys $207,200.00 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $20.72 per share, with a total value of $207,200.00. Following the acquisition, the chief executive officer owned 55,000 shares in the company, valued at approximately $1,139,600. The trade was a 22.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Starz Entertainment Stock Performance

Shares of STRZ opened at $23.12 on Friday. Starz Entertainment Corp. has a 12 month low of $8.40 and a 12 month high of $23.99. The stock has a fifty day moving average price of $15.93 and a 200-day moving average price of $12.51. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.92. The firm has a market cap of $386.80 million and a PE ratio of -1.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in Starz Entertainment during the first quarter valued at $577,000. Gamco Investors INC. ET AL increased its holdings in Starz Entertainment by 4.3% in the first quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock valued at $833,000 after buying an additional 3,000 shares in the last quarter. Sei Investments Co. purchased a new position in Starz Entertainment in the first quarter valued at $190,000. Hsbc Holdings PLC increased its holdings in Starz Entertainment by 11.6% in the first quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock valued at $469,000 after buying an additional 4,243 shares in the last quarter. Finally, Alpine Global Management LLC increased its holdings in Starz Entertainment by 12.5% in the fourth quarter. Alpine Global Management LLC now owns 148,703 shares of the company’s stock valued at $1,740,000 after buying an additional 16,472 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on STRZ shares. Morgan Stanley increased their price objective on Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Robert W. Baird set a $30.00 price objective on Starz Entertainment and gave the company an “outperform” rating in a report on Monday, May 11th. Raymond James Financial reiterated an “outperform” rating and set a $29.00 price objective on shares of Starz Entertainment in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.40.

About Starz Entertainment

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.