Starz Entertainment Corp. (NASDAQ:STRZ) Receives Average Recommendation of “Hold” from Analysts

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $28.3333.

STRZ has been the subject of several research reports. Raymond James Financial reiterated an “outperform” rating and set a $29.00 price target on shares of Starz Entertainment in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $26.00 price target on shares of Starz Entertainment in a research note on Friday, June 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price target on Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the stock an “outperform” rating in a research note on Monday, May 11th.

Insider Transactions at Starz Entertainment

In related news, insider Alison Hoffman sold 13,661 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $21.42, for a total transaction of $292,618.62. Following the sale, the insider owned 94,419 shares of the company’s stock, valued at approximately $2,022,454.98. This represents a 12.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Hirsch acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $20.72 per share, for a total transaction of $207,200.00. Following the acquisition, the chief executive officer directly owned 55,000 shares in the company, valued at $1,139,600. This represents a 22.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 22.62% of the stock is owned by company insiders.

Institutional Trading of Starz Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Wealth LLC raised its holdings in shares of Starz Entertainment by 15.5% in the 4th quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock valued at $8,317,000 after acquiring an additional 95,245 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Starz Entertainment by 21.5% in the 4th quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock valued at $5,156,000 after acquiring an additional 78,000 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $5,076,000. J. Goldman & Co LP raised its holdings in shares of Starz Entertainment by 21.6% in the 4th quarter. J. Goldman & Co LP now owns 255,690 shares of the company’s stock valued at $2,992,000 after acquiring an additional 45,352 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Starz Entertainment by 632.9% in the 4th quarter. Russell Investments Group Ltd. now owns 210,771 shares of the company’s stock valued at $2,466,000 after acquiring an additional 182,012 shares in the last quarter.

Starz Entertainment Stock Down 1.4%

STRZ stock opened at $28.86 on Wednesday. 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 company has a market capitalization of $482.83 million and a price-to-earnings ratio of -1.72. Starz Entertainment has a fifty-two week low of $8.40 and a fifty-two week high of $29.81. The stock has a fifty day moving average of $23.66 and a 200-day moving average of $15.94.

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.