Starz Entertainment (NASDAQ:STRZ) CFO Acquires $55,550.00 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ) CFO Scott Macdonald acquired 2,500 shares of the stock in a transaction dated Monday, November 2nd. The shares were acquired at an average cost of $22.22 per share, with a total value of $55,550.00. Following the completion of the transaction, the chief financial officer owned 46,331 shares in the company, valued at approximately $1,029,474.82. This represents a 5.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Starz Entertainment Trading Down 4.2%

STRZ stock opened at $24.32 on Friday. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.33 and a quick ratio of 0.33. Starz Entertainment Corp. has a twelve month low of $8.40 and a twelve month high of $32.58. The company’s 50 day moving average is $24.34 and its two-hundred day moving average is $20.80.

Starz Entertainment (NASDAQ:STRZ) last posted its earnings results on Thursday, October 29th. The company reported ($2.02) EPS for the quarter, missing analysts’ consensus estimates of ($1.63) by ($0.39). Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. The company had revenue of $322.40 million during the quarter. As a group, equities research analysts expect that Starz Entertainment Corp. will post -6.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STRZ. Wall Street Zen upgraded Starz Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Citigroup started coverage on Starz Entertainment in a research report on Monday, September 14th. They issued an “outperform” rating for the company. Morgan Stanley set a $30.00 price target on Starz Entertainment in a research note on Monday, August 10th. Raymond James Financial raised Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research report on Friday, October 30th. Finally, Citizens Jmp initiated coverage on Starz Entertainment in a research report on Monday, September 14th. They set a “market outperform” rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Starz Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.71.

Institutional Trading of Starz Entertainment

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in shares of Starz Entertainment during the second quarter worth about $34,000. State of Wyoming purchased a new position in shares of Starz Entertainment during the third quarter worth about $184,000. Sei Investments Co. purchased a new position in shares of Starz Entertainment during the first quarter worth about $190,000. Persistent Asset Partners Ltd acquired a new position in Starz Entertainment in the 2nd quarter valued at about $196,000. Finally, Deutsche Bank AG acquired a new position in Starz Entertainment in the 2nd quarter valued at about $342,000.

About Starz Entertainment

Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.

The company’s programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.

Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.