Starz Entertainment (NASDAQ:STRZ) Insider Purchases $25,730.00 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ) insider James Kapenstein bought 1,000 shares of the stock in a transaction on Monday, August 10th. The shares were bought at an average price of $25.73 per share, for a total transaction of $25,730.00. Following the purchase, the insider directly owned 12,302 shares in the company, valued at approximately $316,530.46. This trade represents a 8.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Starz Entertainment Stock Performance

Shares of STRZ stock opened at $26.00 on Friday. The company has a 50 day moving average price of $27.19 and a 200-day moving average price of $19.47. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58. The firm has a market capitalization of $435.01 million, a PE ratio of -1.02 and a beta of 2.46. The company has a quick ratio of 0.31, a current ratio of 0.25 and a debt-to-equity ratio of 2.05.

Hedge Funds Weigh In On Starz Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in STRZ. NewEdge Wealth LLC increased its holdings in Starz Entertainment by 15.5% during the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock valued at $8,317,000 after buying an additional 95,245 shares during the last quarter. Strs Ohio boosted its stake in shares of Starz Entertainment by 1,955.5% during the 4th quarter. Strs Ohio now owns 45,900 shares of the company’s stock worth $537,000 after acquiring an additional 43,667 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Starz Entertainment by 109.7% during the 4th quarter. Hsbc Holdings PLC now owns 36,504 shares of the company’s stock worth $428,000 after acquiring an additional 19,096 shares during the last quarter. Royce & Associates LP grew its position in shares of Starz Entertainment by 21.5% during the 4th quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock valued at $5,156,000 after acquiring an additional 78,000 shares during the period. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Starz Entertainment during the 2nd quarter valued at $196,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on STRZ shares. Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the stock an “outperform” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Wednesday, July 29th. B. Riley Financial assumed coverage on Starz Entertainment in a report on Tuesday, June 30th. They set a “buy” rating and a $45.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Starz Entertainment in a report on Friday, June 5th. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.83.

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.