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

Starz Entertainment Corp. (NASDAQ:STRZ) insider James Kapenstein bought 1,000 shares of the stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $25.73 per share, with a total value of $25,730.00. Following the completion of the transaction, the insider directly owned 12,302 shares in the company, valued at approximately $316,530.46. The trade was a 8.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Starz Entertainment Price Performance

Shares of STRZ stock traded up $1.06 on Wednesday, reaching $25.01. The company’s stock had a trading volume of 235,730 shares, compared to its average volume of 161,053. The stock’s fifty day simple moving average is $27.24 and its 200-day simple moving average is $19.20. Starz Entertainment Corp. has a 1 year low of $8.40 and a 1 year high of $32.58. The company has a market capitalization of $418.44 million, a price-to-earnings ratio of -0.98 and a beta of 2.46. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26.

Institutional Investors Weigh In On Starz Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Wealth LLC bought a new stake in shares of Starz Entertainment in the 2nd quarter worth about $13,911,000. BlackRock Inc. bought a new position in Starz Entertainment during the 2nd quarter valued at about $35,599,000. Deutsche Bank AG bought a new position in Starz Entertainment during the 2nd quarter valued at about $342,000. Persistent Asset Partners Ltd purchased a new stake in shares of Starz Entertainment in the second quarter worth approximately $196,000. Finally, Bank of New York Mellon Corp purchased a new stake in Starz Entertainment in the second quarter worth $9,018,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on STRZ. Robert W. Baird set a $30.00 price objective on shares of Starz Entertainment and gave the stock an “outperform” rating in a research note on Monday, May 11th. B. Riley Financial initiated coverage on shares of Starz Entertainment in a report on Tuesday, June 30th. They issued a “buy” rating and a $45.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $26.00 price objective on shares of Starz Entertainment in a research report on Friday, June 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research note on Wednesday, July 29th. One research 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, Starz Entertainment currently has an average rating of “Hold” and an average target price of $30.83.

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.