Starz Entertainment Corp. (NASDAQ:STRZ) Receives Consensus Rating of “Hold” from Analysts

Starz Entertainment Corp. (NASDAQ:STRZ) has earned an average rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $20.00.

A number of research firms recently commented on STRZ. Morgan Stanley reduced their price objective on Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Starz Entertainment in a research note on Friday, September 5th. Robert W. Baird began coverage on shares of Starz Entertainment in a research note on Friday, September 5th. They issued a “neutral” rating and a $13.00 price objective on the stock. Zacks Research raised shares of Starz Entertainment to a “hold” rating in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, November 17th.

Starz Entertainment Stock Down 2.1%

NASDAQ:STRZ opened at $11.61 on Wednesday. The company has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $13.25. Starz Entertainment has a 12 month low of $8.00 and a 12 month high of $22.98.

Starz Entertainment (NASDAQ:STRZ) last released its quarterly earnings results on Thursday, February 3rd. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $836.40 million for the quarter.

Insider Activity

In related news, CEO Jeffrey Hirsch acquired 30,000 shares of Starz Entertainment stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $11.21 per share, for a total transaction of $336,300.00. Following the purchase, the chief executive officer directly owned 198,690 shares of the company’s stock, valued at approximately $2,227,314.90. This trade represents a 17.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Starz Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of STRZ. Alpine Global Management LLC purchased a new position in Starz Entertainment in the 3rd quarter worth approximately $1,948,000. Advisory Services Network LLC bought a new stake in shares of Starz Entertainment during the third quarter valued at approximately $36,000. Prelude Capital Management LLC bought a new stake in shares of Starz Entertainment during the third quarter valued at approximately $220,000. Bank of America Corp DE lifted its holdings in shares of Starz Entertainment by 151.0% in the third quarter. Bank of America Corp DE now owns 80,868 shares of the company’s stock worth $1,191,000 after buying an additional 48,656 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Starz Entertainment by 547.1% during the third quarter. Ancora Advisors LLC now owns 175,325 shares of the company’s stock worth $2,583,000 after acquiring an additional 148,230 shares during the last quarter.

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.