Starz Entertainment (NASDAQ:STRZ) Upgraded to “Hold” at Wall Street Zen

Starz Entertainment (NASDAQ:STRZ) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued research reports about the stock. Robert W. Baird set a $30.00 price objective on shares of Starz Entertainment and gave the stock an “outperform” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. B. Riley Financial began coverage on shares of Starz Entertainment in a research note on Tuesday. They set a “buy” rating and a $45.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $26.00 price objective on shares of Starz Entertainment in a research note on Friday, June 5th. Two investment analysts have 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.71.

Starz Entertainment Price Performance

Shares of NASDAQ:STRZ opened at $28.99 on Friday. The company’s 50-day moving average is $24.28 and its 200 day moving average is $16.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $485.00 million, a P/E ratio of -1.73 and a beta of 2.35. Starz Entertainment has a fifty-two week low of $8.40 and a fifty-two week high of $32.58.

Insiders Place Their Bets

In other Starz Entertainment 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 completion of the sale, the insider directly owned 94,419 shares in the company, valued at $2,022,454.98. The trade was a 12.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Hirsch bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $20.72 per share, with a total value of $207,200.00. Following the completion of the transaction, the chief executive officer directly owned 55,000 shares of the company’s stock, valued at $1,139,600. This represents a 22.22% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 22.62% of the company’s stock.

Institutional Trading of Starz Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Starz Entertainment in the 2nd quarter valued at $28,000. Advisory Services Network LLC bought a new stake in Starz Entertainment in the third quarter valued at approximately $36,000. BNP Paribas Financial Markets boosted its stake in shares of Starz Entertainment by 101.8% during the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after purchasing an additional 1,274 shares during the period. Legal & General Group Plc purchased a new stake in shares of Starz Entertainment during the second quarter valued at approximately $41,000. Finally, New York State Common Retirement Fund bought a new stake in Starz Entertainment in the 2nd quarter worth $48,000.

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.