Starz Entertainment Corp. $STRZ Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Starz Entertainment Corp. (NASDAQ:STRZ) by 109.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 36,504 shares of the company’s stock after buying an additional 19,096 shares during the period. Hsbc Holdings PLC’s holdings in Starz Entertainment were worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in STRZ. Russell Investments Group Ltd. purchased a new position in Starz Entertainment during the second quarter valued at $28,000. Advisory Services Network LLC purchased a new stake in shares of Starz Entertainment during the third quarter worth about $36,000. BNP Paribas Financial Markets raised its position in shares of Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after purchasing an additional 1,274 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Starz Entertainment during the 2nd quarter worth about $41,000. Finally, New York State Common Retirement Fund purchased a new position in Starz Entertainment in the 2nd quarter valued at about $48,000.

Starz Entertainment Trading Up 1.1%

STRZ opened at $26.77 on Friday. Starz Entertainment Corp. has a one year low of $8.40 and a one year high of $32.58. The stock has a market capitalization of $447.86 million, a PE ratio of -1.60 and a beta of 2.35. The business’s 50 day moving average price is $26.10 and its 200 day moving average price is $17.42. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.31 and a current ratio of 0.31.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STRZ. 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $26.00 price objective on shares of Starz Entertainment in a research note on Friday, June 5th. JPMorgan Chase & Co. raised their price objective on Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 29th. B. Riley Financial assumed coverage on shares of Starz Entertainment in a research note on Tuesday, June 30th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Wall Street Zen raised shares of Starz Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Starz Entertainment has a consensus rating of “Hold” and a consensus target price of $29.33.

Insiders Place Their Bets

In other Starz Entertainment news, insider Alison Hoffman sold 13,661 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $21.42, for a total value of $292,618.62. Following the sale, the insider owned 94,419 shares of the company’s stock, valued at $2,022,454.98. The trade was a 12.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jason Wyrick sold 2,803 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $25.47, for a total value of $71,392.41. Following the completion of the sale, the executive vice president owned 27,241 shares in the company, valued at $693,828.27. This represents a 9.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 22.62% of the stock is currently owned by company insiders.

About Starz Entertainment

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.