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

Starz Entertainment Corp. (NASDAQ:STRZ) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $20.00.

A number of equities analysts have recently issued reports on STRZ shares. Morgan Stanley lowered 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. Wall Street Zen downgraded shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Weiss Ratings restated a “sell (e)” rating on shares of Starz Entertainment in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th.

Starz Entertainment Stock Up 2.4%

Shares of STRZ opened at $9.23 on Thursday. The stock’s 50-day moving average price is $10.67 and its two-hundred day moving average price is $11.83. Starz Entertainment has a 12 month low of $8.00 and a 12 month high of $22.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in shares of Starz Entertainment during the second quarter worth approximately $28,000. CWM LLC bought a new stake in Starz Entertainment during the 2nd quarter valued at $33,000. Advisory Services Network LLC bought a new stake in Starz Entertainment during the 3rd quarter valued at $36,000. BNP Paribas Financial Markets raised its holdings in Starz Entertainment by 101.8% during the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after buying an additional 1,274 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Starz Entertainment in the second quarter valued at $41,000.

Starz Entertainment Company Profile

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.