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

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $28.3333.

A number of equities research analysts have recently weighed in on STRZ shares. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $26.00 price target on shares of Starz Entertainment in a report on Friday, June 5th. Robert W. Baird set a $30.00 price target on shares of Starz Entertainment and gave the company an “outperform” rating in a report on Monday, May 11th. Raymond James Financial reiterated an “outperform” rating and set a $29.00 price target on shares of Starz Entertainment in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 29th.

Starz Entertainment Trading Up 4.1%

Shares of STRZ opened at $28.45 on Wednesday. The firm has a market cap of $475.97 million and a price-to-earnings ratio of -1.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.31 and a current ratio of 0.31. Starz Entertainment has a fifty-two week low of $8.40 and a fifty-two week high of $29.20. The firm has a 50 day moving average price of $22.61 and a 200-day moving average price of $15.34.

Insider Activity

In related news, EVP Jason Wyrick sold 2,803 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $25.47, for a total transaction of $71,392.41. Following the completion of the sale, the executive vice president directly owned 27,241 shares in the company, valued at $693,828.27. This represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott D. Macdonald purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $20.59 per share, with a total value of $102,950.00. Following the completion of the acquisition, the insider directly owned 18,757 shares in the company, valued at $386,206.63. The trade was a 36.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 22.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Starz Entertainment by 35.2% during the 1st quarter. Bank of America Corp DE now owns 90,937 shares of the company’s stock valued at $1,046,000 after purchasing an additional 23,689 shares during the period. Renaissance Technologies LLC purchased a new position in Starz Entertainment during the 1st quarter valued at $577,000. Gamco Investors INC. ET AL increased its position in Starz Entertainment by 4.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock valued at $833,000 after purchasing an additional 3,000 shares during the period. Sei Investments Co. purchased a new position in Starz Entertainment during the 1st quarter valued at $190,000. Finally, Hsbc Holdings PLC increased its position in Starz Entertainment by 11.6% during the 1st quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock valued at $469,000 after purchasing an additional 4,243 shares during the period.

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.