NewEdge Wealth takes a $13.91M stake in Starz
What's the deal? NewEdge Wealth LLCDealroom has a profile for this one. Try Dealroom → bought a new position in Starz Entertainment Corp.Dealroom has a profile for this one. Try Dealroom → (NASDAQ: STRZ) during the second quarter of 2026, acquiring 482,028 shares worth roughly $13.91 million, according to HoldingsChannel. The purchase adds another institutional investor to the media company, which had a market capitalisation of about $464.81 million.
Who else is buying? BlackRock opened a new position worth about $35.60 million in the second quarter, while Bank of New York MellonDealroom has a profile for this one. Try Dealroom → added a stake worth approximately $9.02 million. Deutsche BankDealroom has a profile for this one. Try Dealroom → and other institutional investors also reported new positions.
The numbers: Starz reported quarterly revenue of $307.90 million on 7 August 2026, alongside a loss of $11.27 per share. The stock opened at $27.15 on 20 August 2026, up 6.3%, and traded near the upper end of its one-year range of $8.40 to $32.58.
Insider buying: Chief executive Jeffrey Hirsch acquired 10,000 shares on 10 August 2026 at $24.80 each. Insider James M. Kapenstein bought another 1,000 shares that day at $25.73.
The signal: Fresh institutional and insider buying points to continued investor interest in Starz despite its reported losses and debt load.
Read more: Ticker Report
Image credit: mark sebastian
