Jason Wyrick Sells 2,803 Shares of Starz Entertainment (NASDAQ:STRZ) Stock

Starz Entertainment Corp. (NASDAQ:STRZ) EVP Jason Wyrick sold 2,803 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $25.47, for a total transaction of $71,392.41. Following the completion of the sale, the executive vice president directly owned 27,241 shares of the company’s stock, valued at approximately $693,828.27. The trade was a 9.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Starz Entertainment Trading Up 2.8%

STRZ opened at $28.01 on Friday. Starz Entertainment Corp. has a twelve month low of $8.40 and a twelve month high of $28.14. The company has a 50-day simple moving average of $18.65 and a 200 day simple moving average of $13.80. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $468.64 million and a price-to-earnings ratio of -1.67.

Hedge Funds Weigh In On Starz Entertainment

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment in the 2nd quarter worth $28,000. Advisory Services Network LLC bought a new position in Starz Entertainment during the 3rd quarter valued at $36,000. BNP Paribas Financial Markets lifted its stake in Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after acquiring an additional 1,274 shares in the last quarter. Legal & General Group Plc bought a new position in Starz Entertainment during the 2nd quarter valued at $41,000. Finally, New York State Common Retirement Fund bought a new position in Starz Entertainment during the 2nd quarter valued at $48,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on STRZ. Morgan Stanley upped their price objective on Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their price objective on Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $29.00 target price on shares of Starz Entertainment in a research report on Friday, May 8th. Finally, Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the company an “outperform” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.80.

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.