Starz Entertainment Corp. (NASDAQ:STRZ) Stock Has Consensus Price Target of $32.71 According to Analysts

Starz Entertainment Corp. (NASDAQ:STRZ) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.71.

STRZ has been the topic of several research reports. Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a research note on Monday, August 10th. B. Riley Financial initiated coverage on shares of Starz Entertainment in a research note on Tuesday, June 30th. They set a “buy” rating and a $45.00 target price for the company. Citigroup assumed coverage on shares of Starz Entertainment in a report on Monday, September 14th. They set an “outperform” rating for the company. Wall Street Zen lowered shares of Starz Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Wednesday, July 29th.

Starz Entertainment Stock Down 5.8%

NASDAQ:STRZ opened at $20.91 on Tuesday. The firm’s 50-day moving average price is $25.05 and its 200-day moving average price is $20.33. The company has a market capitalization of $358.06 million, a PE ratio of -0.82 and a beta of 2.55. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.25 and a quick ratio of 0.25. Starz Entertainment has a 1-year low of $8.40 and a 1-year high of $32.58.

Starz Entertainment (NASDAQ:STRZ) last issued its quarterly earnings results on Friday, August 7th. The company reported ($11.27) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $307.90 million during the quarter. On average, equities analysts predict that Starz Entertainment will post -6.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider James M. Kapenstein acquired 1,000 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $25.73 per share, for a total transaction of $25,730.00. Following the completion of the purchase, the insider owned 12,302 shares of the company’s stock, valued at $316,530.46. This represents a 8.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Hirsch bought 10,000 shares of the company’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $24.80 per share, for a total transaction of $248,000.00. Following the completion of the acquisition, the chief executive officer directly owned 65,000 shares of the company’s stock, valued at approximately $1,612,000. This 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 company insiders.

Hedge Funds Weigh In On Starz Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new position in shares of Starz Entertainment in the 2nd quarter worth about $34,000. Persistent Asset Partners Ltd bought a new position in Starz Entertainment in the 2nd quarter worth about $196,000. Deutsche Bank AG bought a new position in Starz Entertainment in the 2nd quarter worth about $342,000. Ratan Capital Management LP bought a new position in Starz Entertainment in the 2nd quarter worth about $368,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Starz Entertainment during the 2nd quarter valued at about $434,000.

About Starz Entertainment

Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.

The company’s programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.

Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.