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

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.80.

Several brokerages have commented on STRZ. Weiss Ratings restated a “sell (e)” rating on shares of Starz Entertainment in a report on Monday, December 29th. Wall Street Zen lowered shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Finally, Morgan Stanley decreased their price target on shares of Starz Entertainment from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd.

Insider Buying and Selling at Starz Entertainment

In other news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $13.86, for a total value of $25,000,473.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 53.60% of the company’s stock.

Institutional Investors Weigh In On Starz Entertainment

Several hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Starz Entertainment during the second quarter valued at approximately $806,000. Geode Capital Management LLC purchased a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $5,076,000. Police & Firemen s Retirement System of New Jersey bought a new position in Starz Entertainment during the 2nd quarter valued at approximately $49,000. JPMorgan Chase & Co. bought a new position in Starz Entertainment during the 2nd quarter valued at approximately $409,000. Finally, Legal & General Group Plc purchased a new position in Starz Entertainment during the second quarter valued at $41,000.

Starz Entertainment Stock Down 2.1%

Shares of STRZ stock opened at $12.14 on Monday. The stock has a fifty day moving average of $10.99 and a 200 day moving average of $11.64. Starz Entertainment has a 52 week low of $8.00 and a 52 week high of $22.98.

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.