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

Starz Entertainment Corp. (NASDAQ:STRZ) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $20.00.

A number of research analysts recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, November 14th. Wall Street Zen cut shares of Starz Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Robert W. Baird started coverage on shares of Starz Entertainment in a report on Friday, September 5th. They set a “neutral” rating and a $13.00 target price for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Starz Entertainment in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. cut their price target on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th.

Insider Activity at Starz Entertainment

In related news, CEO Jeffrey Hirsch purchased 30,000 shares of Starz Entertainment stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $11.21 per share, for a total transaction of $336,300.00. Following the completion of the acquisition, the chief executive officer directly owned 198,690 shares of the company’s stock, valued at $2,227,314.90. The trade was a 17.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Starz Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of STRZ. Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment during the second quarter valued at $28,000. CWM LLC purchased a new position in Starz Entertainment in the 2nd quarter worth about $33,000. Advisory Services Network LLC bought a new position in Starz Entertainment during the 3rd quarter valued at about $36,000. BNP Paribas Financial Markets lifted its stake 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. Finally, Legal & General Group Plc purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $41,000.

Starz Entertainment Stock Performance

NASDAQ STRZ opened at $11.61 on Wednesday. The stock’s 50 day moving average is $11.09 and its 200 day moving average is $13.25. Starz Entertainment has a twelve month low of $8.00 and a twelve month high of $22.98.

Starz Entertainment (NASDAQ:STRZ) last posted its quarterly earnings data on Thursday, February 3rd. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $836.40 million during the quarter.

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.