Starz Entertainment (NASDAQ:STRZ) Given New $21.00 Price Target at Morgan Stanley

Starz Entertainment (NASDAQ:STRZ) had its price target upped by investment analysts at Morgan Stanley from $20.00 to $21.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 4.48% from the stock’s current price.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.60.

Starz Entertainment Stock Down 0.2%

STRZ stock opened at $20.10 on Friday. The firm has a market cap of $336.29 million and a PE ratio of -3.31. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.19 and a current ratio of 0.19. The firm’s 50 day moving average price is $14.73 and its 200-day moving average price is $12.11. Starz Entertainment has a one year low of $8.40 and a one year high of $22.98.

Insiders Place Their Bets

In related news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of Starz Entertainment 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.62% of the company’s stock.

Institutional Trading of Starz Entertainment

Several institutional investors have recently added to or reduced their stakes in STRZ. BNP Paribas Financial Markets boosted 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. Russell Investments Group Ltd. purchased a new position in Starz Entertainment during the 2nd quarter valued at about $28,000. Harbor Capital Advisors Inc. boosted its holdings in Starz Entertainment by 9.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,107 shares of the company’s stock valued at $270,000 after acquiring an additional 2,083 shares during the period. Advisory Services Network LLC purchased a new position in Starz Entertainment during the 3rd quarter valued at about $36,000. Finally, Legal & General Group Plc purchased a new position in Starz Entertainment during the 2nd quarter valued at about $41,000.

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.