Starz Entertainment (NASDAQ:STRZ) Given New $25.00 Price Target at JPMorgan Chase & Co.

Starz Entertainment (NASDAQ:STRZ) had its target price increased by JPMorgan Chase & Co. from $13.00 to $25.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the stock an “outperform” rating in a report on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Starz Entertainment in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st. Finally, Morgan Stanley upped their price target on Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Starz Entertainment presently has an average rating of “Hold” and an average target price of $28.80.

Starz Entertainment Stock Down 3.9%

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

Insiders Place Their Bets

In other Starz Entertainment news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alison Hoffman sold 13,661 shares of Starz Entertainment stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $21.42, for a total value of $292,618.62. Following the sale, the insider owned 94,419 shares in the company, valued at $2,022,454.98. This trade represents a 12.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 22.62% of the company’s stock.

Institutional Investors Weigh In On Starz Entertainment

A number of institutional investors have recently added to or reduced their stakes in STRZ. Russell Investments Group Ltd. purchased a new stake in Starz Entertainment in the 2nd quarter valued at approximately $28,000. Advisory Services Network LLC acquired a new stake in shares of Starz Entertainment during the 3rd quarter valued at approximately $36,000. BNP Paribas Financial Markets lifted its position in shares of Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after acquiring an additional 1,274 shares during the period. Legal & General Group Plc acquired a new stake in shares of Starz Entertainment during the 2nd quarter valued at approximately $41,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Starz Entertainment during the 2nd quarter valued at approximately $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.