CastleKnight Management LP Sells 64,331 Shares of Starz Entertainment Corp. $STRZ

CastleKnight Management LP decreased its holdings in shares of Starz Entertainment Corp. (NASDAQ:STRZ) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 387,569 shares of the company’s stock after selling 64,331 shares during the period. CastleKnight Management LP’s holdings in Starz Entertainment were worth $4,535,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Alpine Global Management LLC bought a new stake in Starz Entertainment during the third quarter valued at $1,948,000. NewEdge Wealth LLC lifted its stake in Starz Entertainment by 15.5% during the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock worth $8,317,000 after purchasing an additional 95,245 shares during the last quarter. Strs Ohio lifted its stake in Starz Entertainment by 1,955.5% during the fourth quarter. Strs Ohio now owns 45,900 shares of the company’s stock worth $537,000 after purchasing an additional 43,667 shares during the last quarter. Royce & Associates LP lifted its stake in Starz Entertainment by 21.5% during the fourth quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock worth $5,156,000 after purchasing an additional 78,000 shares during the last quarter. Finally, Huber Capital Management LLC lifted its stake in Starz Entertainment by 40.5% during the third quarter. Huber Capital Management LLC now owns 136,963 shares of the company’s stock worth $2,017,000 after purchasing an additional 39,492 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the stock an “outperform” rating in a research note on Monday, May 11th. 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 note on Friday, May 29th. Morgan Stanley lifted their price target on Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $26.00 price target on shares of Starz Entertainment in a research note on Friday, June 5th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starz Entertainment currently has a consensus rating of “Hold” and a consensus target price of $28.33.

Starz Entertainment Stock Up 2.2%

STRZ opened at $28.49 on Thursday. The company has a market cap of $476.64 million and a P/E ratio of -1.70. The business’s 50-day moving average price is $21.47 and its 200-day moving average price is $14.85. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26. Starz Entertainment Corp. has a 12 month low of $8.40 and a 12 month high of $29.19.

Insider Buying and Selling

In related news, CEO Jeffrey Hirsch acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $20.72 per share, for a total transaction of $207,200.00. Following the completion of the acquisition, the chief executive officer owned 55,000 shares in the company, valued at approximately $1,139,600. This represents a 22.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott D. Macdonald acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $20.59 per share, for a total transaction of $102,950.00. Following the acquisition, the insider owned 18,757 shares of the company’s stock, valued at approximately $386,206.63. This trade represents a 36.35% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 22.62% of the company’s stock.

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.