Brokerages Set Starz Entertainment Corp. (NASDAQ:STRZ) Price Target at $19.80

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.80.

STRZ has been the subject of a number of research reports. Wall Street Zen cut Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Weiss Ratings reissued a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th. Finally, Morgan Stanley lowered their target price on Starz Entertainment from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd.

Insider Activity

In other news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $13.86, for a total value of $25,000,473.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 53.60% of the company’s stock.

Institutional Investors Weigh In On Starz Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in Starz Entertainment in the 2nd quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new stake in shares of Starz Entertainment during the third quarter worth $36,000. BNP Paribas Financial Markets raised its stake in shares of Starz Entertainment by 101.8% in the third 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 in the last quarter. Legal & General Group Plc acquired a new stake in shares of Starz Entertainment in the second quarter valued at $41,000. Finally, New York State Common Retirement Fund purchased a new position in Starz Entertainment in the second quarter valued at $48,000.

Starz Entertainment Trading Down 7.4%

Starz Entertainment stock opened at $12.86 on Monday. Starz Entertainment has a fifty-two week low of $8.00 and a fifty-two week high of $22.98. The firm has a 50 day moving average price of $10.94 and a 200 day moving average price of $11.64.

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.