Starz Entertainment (NASDAQ:STRZ) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of Starz Entertainment (NASDAQ:STRZ) in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage issued a market outperform rating and a $40.00 target price on the stock.

Several other research analysts have also weighed in on STRZ. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $30.00 target price on shares of Starz Entertainment in a research note on Tuesday, August 18th. JPMorgan Chase & Co. boosted their price target on shares of Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a report on Monday, August 10th. Wall Street Zen cut shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, B. Riley Financial initiated coverage on Starz Entertainment in a research report on Tuesday, June 30th. They issued a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.71.

Starz Entertainment Price Performance

STRZ stock opened at $26.28 on Monday. The business has a fifty day moving average of $26.54 and a two-hundred day moving average of $22.38. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.05. The stock has a market cap of $449.91 million, a price-to-earnings ratio of -1.03 and a beta of 2.44. Starz Entertainment has a 52-week low of $8.40 and a 52-week high of $32.58.

Starz Entertainment (NASDAQ:STRZ) last announced its quarterly earnings results on Friday, August 7th. The company reported ($11.27) EPS for the quarter, missing the consensus estimate of ($0.59) by ($10.68). The business had revenue of $307.90 million during the quarter. Starz Entertainment had a negative net margin of 33.98% and a negative return on equity of 25.64%. As a group, research analysts anticipate that Starz Entertainment will post -6.12 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jeffrey Hirsch acquired 10,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $24.80 per share, with a total value of $248,000.00. Following the transaction, the chief executive officer owned 65,000 shares in the company, valued at approximately $1,612,000. This trade represents a 18.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James M. Kapenstein bought 1,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $25.73 per share, with a total value of $25,730.00. Following the purchase, the insider owned 12,302 shares of the company’s stock, valued at approximately $316,530.46. This represents a 8.85% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 22.62% of the company’s stock.

Institutional Trading of Starz Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Starz Entertainment during the 2nd quarter worth about $35,599,000. NewEdge Wealth LLC acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth about $13,911,000. Ancora Advisors LLC purchased a new stake in Starz Entertainment during the second quarter worth approximately $11,826,000. Bank of New York Mellon Corp purchased a new stake in Starz Entertainment during the second quarter worth approximately $9,018,000. Finally, Jefferies Financial Group Inc. acquired a new position in Starz Entertainment in the second quarter valued at approximately $8,027,000.

Starz Entertainment Company Profile

Starz Entertainment is a premium subscription entertainment company that provides original series, feature films and other programming through television networks and direct-to-consumer streaming services. Its offerings are marketed under the STARZ and STARZ Encore brands and are distributed through pay-TV providers, digital platforms and the Starz streaming app.

The company is known for original programming, including series associated with the “Power” universe, as well as acquired and licensed movies and television content.