Starz Entertainment (NASDAQ:STRZ) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Starz Entertainment (NASDAQ:STRZ) from a hold rating to a sell rating in a report issued on Saturday.

Several other analysts have also recently weighed in on STRZ. Morgan Stanley lifted their price target on shares of Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $26.00 target price on shares of Starz Entertainment in a research report on Friday, June 5th. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 target price on shares of Starz Entertainment in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.33.

Starz Entertainment Price Performance

STRZ stock opened at $24.62 on Friday. The firm’s 50-day moving average price is $26.63 and its two-hundred day moving average price is $18.05. Starz Entertainment has a 12-month low of $8.40 and a 12-month high of $32.58. The stock has a market capitalization of $411.89 million, a price-to-earnings ratio of -1.47 and a beta of 2.35. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26.

Insider Transactions at Starz Entertainment

In other Starz Entertainment news, insider Scott D. Macdonald bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $20.59 per share, for a total transaction of $102,950.00. Following the acquisition, the insider owned 18,757 shares in the company, valued at approximately $386,206.63. This represents a 36.35% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jason Wyrick sold 2,803 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $25.47, for a total transaction of $71,392.41. Following the completion of the sale, the executive vice president directly owned 27,241 shares in the company, valued at $693,828.27. This represents a 9.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in Starz Entertainment during the second quarter worth about $28,000. Advisory Services Network LLC bought a new stake in shares of Starz Entertainment in the 3rd quarter worth approximately $36,000. BNP Paribas Financial Markets boosted its position in shares of Starz Entertainment by 101.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after purchasing an additional 1,274 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $41,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $48,000.

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.