CEO Jeffrey Hirsch Buys $248K of Starz Stock at $24.80
STRZ has more than doubled off its 52-week low of $8.4.
Summary
Starz CEO Jeffrey Hirsch bought $248,000 worth of company stock on the open market, a vote of confidence following mixed Q2 results and raised guidance.
Key Events · Ownership and Investor Activity · STRZ
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CEO Open-Market Purchase
Jeffrey Hirsch, President and CEO, bought 10,000 shares at an average price of $24.80, totaling $248,000.
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Post-Transaction Holdings
Hirsch now directly and indirectly holds 556,111 shares, including 491,111 directly and 65,000 indirectly via a revocable trust.
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Recent Financial Context
The purchase follows a Q2 report showing a steep loss from a $147M content contract termination, but also raised 2026 Adjusted OIBDA and free cash flow guidance.
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Insider Sentiment
This buy contrasts with net insider selling of $346,592 over the past 90 days, making the CEO's purchase a notable positive signal.
Analysis · STRZ · Trade & Services
President and CEO Jeffrey Hirsch purchased 10,000 shares on the open market for $248,000 at an average price of $24.80. This is a real-money buy, not an option exercise or grant, and comes just days after the company raised its 2026 guidance and reported a steep Q2 loss driven by a $147M content contract termination. The purchase signals conviction from the top executive at a time when the stock is under pressure from linear declines and restructuring costs.
At the time of this filing, STRZ was trading at $24.34 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $410.1M. The 52-week trading range was $8.40 to $32.58. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.