Analysts Set Starz Entertainment Corp. (NASDAQ:STRZ) Price Target at $29.33

Starz Entertainment Corp. (NASDAQ:STRZ) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings 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 assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.3333.

A number of research firms have weighed in on STRZ. Wall Street Zen upgraded shares of Starz Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. B. Riley Financial began coverage on shares of Starz Entertainment in a research note on Tuesday, June 30th. 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. Morgan Stanley upped their price objective on Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st.

Insider Transactions at Starz Entertainment

In other news, insider Scott D. Macdonald bought 5,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $20.59 per share, for a total transaction of $102,950.00. Following the completion of the purchase, the insider directly owned 18,757 shares in the company, valued at $386,206.63. This represents a 36.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alison Hoffman sold 13,661 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $21.42, for a total value of $292,618.62. Following the completion of the sale, the insider owned 94,419 shares in the company, valued at $2,022,454.98. This represents a 12.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 22.62% of the stock is currently owned by company insiders.

Institutional Trading of Starz Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new position in Starz Entertainment in the 2nd quarter worth approximately $28,000. Advisory Services Network LLC bought a new stake in Starz Entertainment during the 3rd quarter valued at $36,000. BNP Paribas Financial Markets raised its holdings in 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 purchased a new stake in shares of Starz Entertainment during the second quarter worth $41,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Starz Entertainment during the second quarter worth $48,000.

Starz Entertainment Price Performance

Shares of NASDAQ:STRZ opened at $24.34 on Friday. The company has a market capitalization of $407.21 million, a P/E ratio of -1.45 and a beta of 2.35. The company’s 50-day moving average is $26.53 and its 200 day moving average is $17.87. 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 $32.58.

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.