Starz Entertainment Corp. (NASDAQ:STRZ) Receives Consensus Rating of “Hold” from Brokerages

Starz Entertainment Corp. (NASDAQ:STRZ) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $28.3333.

A number of brokerages have issued reports on STRZ. Robert W. Baird set a $30.00 price objective on shares of Starz Entertainment and gave the company an “outperform” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. upped their target price on shares of Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. 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 issued a $29.00 target price on shares of Starz Entertainment in a research report on Friday, May 8th. Finally, Morgan Stanley upped their target price on shares of Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th.

Starz Entertainment Stock Up 4.1%

Shares of Starz Entertainment stock opened at $28.45 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26. The company’s fifty day simple moving average is $22.61 and its two-hundred day simple moving average is $15.34. The company has a market cap of $475.97 million and a P/E ratio of -1.70. Starz Entertainment has a 12-month low of $8.40 and a 12-month high of $29.20.

Insider Buying and Selling at Starz Entertainment

In related news, insider Alison Hoffman sold 13,661 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $21.42, for a total value of $292,618.62. Following the transaction, the insider owned 94,419 shares in the company, valued at $2,022,454.98. The trade was a 12.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott D. Macdonald purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $20.59 per share, for a total transaction of $102,950.00. Following the purchase, the insider owned 18,757 shares in the company, valued at $386,206.63. This represents a 36.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 22.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Starz Entertainment

Hedge funds have recently bought and sold shares of the company. NewEdge Wealth LLC boosted its stake in Starz Entertainment by 15.5% in the 4th quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock worth $8,317,000 after purchasing an additional 95,245 shares in the last quarter. Alpine Global Management LLC bought a new position in Starz Entertainment in the 3rd quarter worth about $1,948,000. Strs Ohio boosted its stake in Starz Entertainment by 1,955.5% in the 4th quarter. Strs Ohio now owns 45,900 shares of the company’s stock worth $537,000 after purchasing an additional 43,667 shares in the last quarter. Royce & Associates LP boosted its stake in Starz Entertainment by 21.5% in the 4th quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock worth $5,156,000 after purchasing an additional 78,000 shares in the last quarter. Finally, Huber Capital Management LLC boosted its stake in Starz Entertainment by 40.5% in the 3rd quarter. Huber Capital Management LLC now owns 136,963 shares of the company’s stock worth $2,017,000 after purchasing an additional 39,492 shares in the last quarter.

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.