Analysts Set Starz Entertainment Corp. (NASDAQ:STRZ) Target Price at $30.83

Starz Entertainment Corp. (NASDAQ:STRZ) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $31.50.

STRZ has been the topic of several recent research reports. Wall Street Zen downgraded shares of Starz Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Wednesday, July 29th. Raymond James Financial reissued an “outperform” rating and issued a $29.00 price target on shares of Starz Entertainment in a research report on Friday, May 8th. 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. Finally, B. Riley Financial started coverage on shares of Starz Entertainment in a report on Tuesday, June 30th. They issued a “buy” rating and a $45.00 price objective for the company.

Starz Entertainment Price Performance

STRZ stock opened at $27.15 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.25 and a current ratio of 0.25. The business has a 50-day simple moving average of $27.13 and a two-hundred day simple moving average of $19.87. The company has a market capitalization of $464.81 million, a P/E ratio of -1.07 and a beta of 2.46. Starz Entertainment has a 52-week low of $8.40 and a 52-week high of $32.58.

Starz Entertainment (NASDAQ:STRZ) last posted its quarterly earnings data on Friday, August 7th. The company reported ($11.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($10.68). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%.The firm had revenue of $307.90 million for the quarter. Research analysts expect that Starz Entertainment will post -3.38 EPS for the current fiscal year.

Insider Activity at Starz Entertainment

In other news, insider James M. Kapenstein purchased 1,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $25.73 per share, with a total value of $25,730.00. Following the acquisition, the insider directly owned 12,302 shares in the company, valued at approximately $316,530.46. This trade represents a 8.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Hirsch acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $24.80 per share, with a total value of $248,000.00. Following the purchase, the chief executive officer directly owned 65,000 shares of the company’s stock, valued at $1,612,000. This trade represents a 18.18% increase in their position. The SEC filing for this purchase provides additional information. 22.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ratan Capital Management LP bought a new stake in Starz Entertainment in the second quarter valued at approximately $368,000. Coastal Bridge Advisors LLC bought a new position in shares of Starz Entertainment in the second quarter worth approximately $4,056,000. Jefferies Financial Group Inc. purchased a new position in shares of Starz Entertainment in the second quarter worth $8,027,000. Bank of America Corp DE purchased a new position in shares of Starz Entertainment in the second quarter worth $1,774,000. Finally, Hsbc Holdings PLC bought a new stake in Starz Entertainment during the 2nd quarter valued at $887,000.

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.