Starz Entertainment (NASDAQ:STRZ) Stock: Insider Scott Macdonald Purchases 2,500 Shares

Starz Entertainment Corp. (NASDAQ:STRZ) CFO Scott Macdonald acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of $22.22 per share, with a total value of $55,550.00. Following the acquisition, the chief financial officer directly owned 46,331 shares in the company, valued at $1,029,474.82. This represents a 5.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Starz Entertainment Trading Up 5.7%

NASDAQ:STRZ traded up $1.27 during midday trading on Tuesday, hitting $23.36. The stock had a trading volume of 354,249 shares, compared to its average volume of 201,574. Starz Entertainment Corp. has a one year low of $8.40 and a one year high of $32.58. The company has a market capitalization of $399.92 million, a price-to-earnings ratio of -0.96 and a beta of 2.55. The stock has a 50-day moving average of $24.61 and a 200 day moving average of $20.60. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.05.

Starz Entertainment (NASDAQ:STRZ) last released its quarterly earnings data on Thursday, October 29th. The company reported ($2.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.63) by ($0.39). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. The business had revenue of $322.40 million during the quarter. As a group, sell-side analysts forecast that Starz Entertainment Corp. will post -6.12 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on STRZ shares. Citizens Jmp initiated coverage on Starz Entertainment in a research report on Monday, September 14th. They issued a “market outperform” rating and a $40.00 price target for the company. Wall Street Zen raised shares of Starz Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $30.00 price target on shares of Starz Entertainment in a report on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Tuesday, October 27th. Finally, Raymond James Financial raised shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.71.

Hedge Funds Weigh In On Starz Entertainment

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Starz Entertainment during the second quarter worth $35,599,000. NewEdge Wealth LLC purchased a new position in Starz Entertainment in the 2nd quarter worth $13,911,000. Ancora Advisors LLC acquired a new stake in Starz Entertainment during the 2nd quarter worth about $11,826,000. Bank of New York Mellon Corp purchased a new stake in Starz Entertainment during the 2nd quarter valued at about $9,018,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Starz Entertainment in the second quarter valued at about $8,027,000.

Starz Entertainment Company Profile

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.