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

Starz Entertainment Corp. (NASDAQ:STRZ) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $28.80.

Several equities research analysts have weighed in on STRZ shares. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday. Robert W. Baird set a $30.00 target price on Starz Entertainment and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Morgan Stanley increased their target price on shares of Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th.

Starz Entertainment Stock Down 3.9%

Shares of NASDAQ STRZ opened at $23.38 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $391.17 million and a price-to-earnings ratio of -1.39. The stock has a 50 day moving average price of $17.49 and a 200 day moving average price of $13.32. Starz Entertainment has a 52-week low of $8.40 and a 52-week high of $24.65.

Insider Buying and Selling at Starz Entertainment

In related news, insider Alison Hoffman sold 13,661 shares of Starz Entertainment stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $21.42, for a total transaction of $292,618.62. Following the transaction, the insider directly owned 94,419 shares of the company’s stock, valued at $2,022,454.98. This trade represents a 12.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott D. Macdonald acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $20.59 per share, for a total transaction of $102,950.00. Following the completion of the acquisition, the insider owned 18,757 shares of the company’s stock, valued at $386,206.63. This trade represents a 36.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 22.62% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in STRZ. Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment in the 2nd quarter worth $28,000. Advisory Services Network LLC bought a new position in shares of Starz Entertainment in the 3rd quarter worth $36,000. BNP Paribas Financial Markets raised its position in shares of Starz Entertainment by 101.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after acquiring an additional 1,274 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Starz Entertainment in the 2nd quarter worth $41,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Starz Entertainment during the second quarter valued at about $48,000.

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.