Starz Entertainment Corp. (NASDAQ:STRZ) Given Average Recommendation of “Hold” by Analysts

Starz Entertainment Corp. (NASDAQ:STRZ) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $20.00.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Wall Street Zen cut shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Morgan Stanley reduced their target price on Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th.

Starz Entertainment Price Performance

Shares of STRZ opened at $10.33 on Friday. Starz Entertainment has a 52-week low of $8.00 and a 52-week high of $22.98. The business’s 50 day moving average price is $11.21 and its two-hundred day moving average price is $12.65.

Insider Activity

In other news, CEO Jeffrey Hirsch bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $11.21 per share, for a total transaction of $336,300.00. Following the acquisition, the chief executive officer directly owned 198,690 shares in the company, valued at approximately $2,227,314.90. This trade represents a 17.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 53.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STRZ. Harbor Capital Advisors Inc. increased its position in shares of Starz Entertainment by 9.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 23,107 shares of the company’s stock worth $270,000 after acquiring an additional 2,083 shares in the last quarter. Alpine Global Management LLC bought a new stake in Starz Entertainment during the 3rd quarter worth approximately $1,948,000. Advisory Services Network LLC purchased a new stake in shares of Starz Entertainment in the third quarter worth approximately $36,000. Prelude Capital Management LLC bought a new position in shares of Starz Entertainment in the third quarter valued at approximately $220,000. Finally, Bank of America Corp DE grew its holdings in Starz Entertainment by 151.0% during 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.

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.