Starz Entertainment Corp. (NASDAQ:STRZ) Receives $29.33 Average Target Price from Analysts

Starz Entertainment Corp. (NASDAQ:STRZ) has earned a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $29.3333.

Several brokerages recently weighed in on STRZ. Morgan Stanley upped their price objective on Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their target price 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, Robert W. Baird set a $30.00 price target on shares of Starz Entertainment and gave the company an “outperform” rating in a research note on Monday, May 11th.

Insider Activity at Starz Entertainment

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of STRZ. Bank of America Corp DE boosted its holdings in shares of 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 acquiring an additional 23,689 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Starz Entertainment in the 1st quarter worth about $577,000. Gamco Investors INC. ET AL increased its holdings in Starz Entertainment by 4.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock worth $833,000 after purchasing an additional 3,000 shares in the last quarter. Sei Investments Co. bought a new position in Starz Entertainment in the first quarter valued at about $190,000. Finally, Hsbc Holdings PLC raised its position in Starz Entertainment by 11.6% in the first 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 last quarter.

Starz Entertainment Trading Down 0.9%

Shares of STRZ opened at $27.01 on Friday. Starz Entertainment has a 52-week low of $8.40 and a 52-week high of $32.58. The business’s fifty day moving average is $26.35 and its 200-day moving average is $17.68. 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 firm has a market cap of $451.88 million, a price-to-earnings ratio of -1.61 and a beta of 2.35.

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.