Starz Entertainment (NASDAQ:STRZ) Major Shareholder Liberty 77 Capital L.P. Sells 1,803,786 Shares

Starz Entertainment Corp. (NASDAQ:STRZ) major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $13.86, for a total transaction of $25,000,473.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Starz Entertainment Price Performance

Shares of NASDAQ STRZ traded up $1.61 during trading on Friday, reaching $15.30. The stock had a trading volume of 355,404 shares, compared to its average volume of 158,573. The firm’s 50 day moving average price is $10.43 and its two-hundred day moving average price is $11.57. Starz Entertainment Corp. has a one year low of $8.00 and a one year high of $22.98.

Analysts Set New Price Targets

Several equities analysts have recently commented on STRZ shares. Morgan Stanley lowered their price target on shares of Starz Entertainment from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday. Wall Street Zen downgraded shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. JPMorgan Chase & Co. decreased their price objective on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Finally, Weiss Ratings reiterated a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.80.

Institutional Investors Weigh In On Starz Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Liberty 77 Capital L.P. acquired a new position in Starz Entertainment in the 2nd quarter worth about $28,987,000. NewEdge Wealth LLC grew its stake in shares of Starz Entertainment by 15.5% in the 4th quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock valued at $8,317,000 after buying an additional 95,245 shares in the last quarter. Royce & Associates LP increased its holdings in Starz Entertainment by 21.5% in the fourth quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock worth $5,156,000 after buying an additional 78,000 shares during the last quarter. Geode Capital Management LLC acquired a new position in Starz Entertainment in the second quarter worth approximately $5,076,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Starz Entertainment in the second quarter valued at approximately $4,470,000.

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.