Hsbc Holdings PLC Raises Holdings in Starz Entertainment Corp. $STRZ

Hsbc Holdings PLC raised its position in shares of Starz Entertainment Corp. (NASDAQ:STRZ) by 109.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,504 shares of the company’s stock after buying an additional 19,096 shares during the quarter. Hsbc Holdings PLC owned about 0.22% of Starz Entertainment worth $428,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Starz Entertainment in the second quarter worth about $28,000. Advisory Services Network LLC purchased a new stake in Starz Entertainment during the third quarter valued at approximately $36,000. BNP Paribas Financial Markets lifted its stake in shares of Starz Entertainment by 101.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after purchasing an additional 1,274 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Starz Entertainment in the 2nd quarter valued at approximately $41,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Starz Entertainment in the 2nd quarter worth approximately $48,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STRZ. B. Riley Financial started coverage on shares of Starz Entertainment in a report on Tuesday, June 30th. They set a “buy” rating and a $45.00 price target on the stock. Robert W. Baird set a $30.00 target price on Starz Entertainment and gave the company an “outperform” rating in a research report on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 target price on shares of Starz Entertainment in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $26.00 price target on shares of Starz Entertainment in a research note on Friday, June 5th. One equities 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.33.

Starz Entertainment Trading Up 1.1%

STRZ opened at $26.77 on Friday. The stock’s fifty day moving average is $26.10 and its two-hundred day moving average is $17.42. The company has a market capitalization of $447.86 million, a P/E ratio of -1.60 and a beta of 2.35. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.26.

Insider Buying and Selling

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

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.