Starz Entertainment (NASDAQ:STRZ) CEO Purchases $336,300.00 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ) CEO Jeffrey Hirsch acquired 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $11.21 per share, with a total value of $336,300.00. Following the completion of the transaction, the chief executive officer directly owned 198,690 shares in the company, valued at approximately $2,227,314.90. The trade was a 17.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Starz Entertainment Stock Up 0.6%

Shares of STRZ stock opened at $10.93 on Friday. The company has a 50-day moving average of $12.25 and a two-hundred day moving average of $14.11. Starz Entertainment Corp. has a 1-year low of $8.00 and a 1-year high of $22.98.

Starz Entertainment (NASDAQ:STRZ) last issued its quarterly earnings data on Thursday, February 3rd. The company reported $0.21 EPS for the quarter. The company had revenue of $836.40 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STRZ. JPMorgan Chase & Co. lowered their price target on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Baird R W raised Starz Entertainment to a “hold” rating in a research report on Friday, September 5th. Wall Street Zen cut shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Zacks Research raised shares of Starz Entertainment to a “hold” rating in a research note on Wednesday, September 17th. Finally, Morgan Stanley cut their target price on shares of Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.00.

Hedge Funds Weigh In On Starz Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Liberty 77 Capital L.P. acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at $28,987,000. Peregrine Capital Management LLC purchased a new position in Starz Entertainment in the second quarter valued at $654,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Starz Entertainment in the second quarter valued at $806,000. Y Intercept Hong Kong Ltd purchased a new stake in Starz Entertainment during the 2nd quarter worth about $1,573,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in Starz Entertainment during the 2nd quarter worth about $1,104,000.

Starz Entertainment Company Profile

Starz is a premium cable and streaming network owned by Starz Entertainment, which was formerly a part of Lionsgate. Starz had about 20 million subscribers in the U.S. and Canada as of Dec. 31, 2024. The company’s franchises include “Outlander” and “Power.”