Brokerages Set Starz Entertainment Corp. (NASDAQ:STRZ) Price Target at $20.00

Starz Entertainment Corp. (NASDAQ:STRZ) has earned an average recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $20.00.

STRZ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Wall Street Zen downgraded shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Zacks Research raised shares of Starz Entertainment to a “hold” rating in a report on Wednesday, September 17th. Morgan Stanley dropped their target price on shares of Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (e)” rating on shares of Starz Entertainment in a research report on Monday, December 29th.

Insider Buying and Selling at Starz Entertainment

In other Starz Entertainment news, CEO Jeffrey Hirsch purchased 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $11.21 per share, for a total transaction of $336,300.00. Following the purchase, the chief executive officer owned 198,690 shares in the company, valued at approximately $2,227,314.90. This trade represents a 17.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Starz Entertainment

Several institutional investors and hedge funds have recently modified their holdings of STRZ. Russell Investments Group Ltd. bought a new position in Starz Entertainment in the second quarter valued at about $28,000. CWM LLC acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at approximately $33,000. Advisory Services Network LLC bought a new stake in shares of Starz Entertainment during the 3rd quarter valued at approximately $36,000. BNP Paribas Financial Markets increased its position in Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Starz Entertainment in the 2nd quarter valued at approximately $41,000.

Starz Entertainment Trading Down 0.8%

NASDAQ STRZ opened at $11.61 on Wednesday. The company has a 50 day moving average of $11.11 and a 200-day moving average of $13.14. Starz Entertainment has a 1-year low of $8.00 and a 1-year high of $22.98.

Starz Entertainment (NASDAQ:STRZ) last issued its quarterly earnings results on Thursday, February 3rd. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $836.40 million for the 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.