Alison Hoffman Sells 13,661 Shares of Starz Entertainment (NASDAQ:STRZ) Stock

Starz Entertainment Corp. (NASDAQ:STRZ) insider Alison Hoffman sold 13,661 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $21.42, for a total value of $292,618.62. Following the completion of the transaction, the insider owned 94,419 shares in the company, valued at $2,022,454.98. This represents a 12.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Starz Entertainment Price Performance

Shares of STRZ opened at $23.12 on Friday. The company has a market capitalization of $386.80 million and a price-to-earnings ratio of -1.38. The business’s 50-day moving average is $15.93 and its 200-day moving average is $12.51. Starz Entertainment Corp. has a fifty-two week low of $8.40 and a fifty-two week high of $23.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19.

Analyst Ratings Changes

STRZ has been the subject of several recent research reports. Morgan Stanley boosted their price target on Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the company an “outperform” rating in a research note on Monday. Raymond James Financial reissued an “outperform” rating and issued a $29.00 price target on shares of Starz Entertainment in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.40.

Institutional Investors Weigh In On Starz Entertainment

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in Starz Entertainment during the first quarter worth approximately $577,000. Gamco Investors INC. ET AL boosted its position in Starz Entertainment by 4.3% during the first quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock worth $833,000 after purchasing an additional 3,000 shares during the period. Sei Investments Co. bought a new stake in Starz Entertainment during the first quarter worth approximately $190,000. Hsbc Holdings PLC boosted its position in Starz Entertainment by 11.6% during the first quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock worth $469,000 after purchasing an additional 4,243 shares during the period. Finally, Alpine Global Management LLC boosted its position in Starz Entertainment by 12.5% during the fourth quarter. Alpine Global Management LLC now owns 148,703 shares of the company’s stock worth $1,740,000 after purchasing an additional 16,472 shares during the period.

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.