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Hardwick Simmons, a director at Starz Entertainment Corp. (NASDAQ:STRZ), acquired 8,501 common shares of the company on June 5, 2025. The entertainment company, currently valued at $301 million, has seen its stock surge 61% over the past six months despite trading below its InvestingPro Fair Value. The shares were purchased at a price of $16.35 each, amounting to a total transaction value of $138,991. Following this acquisition, Simmons holds 33,832 shares directly. This total includes restricted share units scheduled to vest later this year. The stock, trading at just 0.31 times book value, shows significant volatility according to InvestingPro, which offers 10 additional key insights about STRZ’s financial health and market position.
In other recent news, Starz Entertainment Corp. has experienced several noteworthy developments. Moody’s Ratings downgraded Starz’s ratings, including its Corporate Family Rating to B3 from B2, following the company’s decision to split from Lions Gate Entertainment. The downgrade reflects Starz’s smaller scale and competitive pressures from larger streaming platforms. Meanwhile, Raymond (NSE:RYMD) James raised its price target for Starz to $22, maintaining an Outperform rating, citing the company’s impressive first-quarter 2025 results and a significant shift in revenue to digital and streaming services. The firm also noted Starz’s manageable leverage and potential for OIBDA growth.
Seaport Global Securities initiated coverage on Starz with a Buy rating and a $30 price target, highlighting the company’s strong free cash flow conversion and debt reduction efforts. The firm believes Starz is undervalued compared to its peers and has a solid strategy for subscriber growth through original content. Despite facing challenges from larger streaming competitors, analysts see potential for Starz’s stock value to increase as it continues to transition from linear to digital revenue. Starz is scheduled to report its earnings on May 29, which could provide further insights into its financial performance.
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