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

Starz Entertainment Corp. (NASDAQ:STRZ) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $20.00.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th. Weiss Ratings reissued a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th. Wall Street Zen lowered Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Finally, Morgan Stanley cut their price target on Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, November 14th.

Insider Activity

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

Hedge Funds Weigh In On Starz Entertainment

Several institutional investors and hedge funds have recently modified their holdings of STRZ. Harbor Capital Advisors Inc. grew its stake in Starz Entertainment by 9.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 23,107 shares of the company’s stock worth $270,000 after acquiring an additional 2,083 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Starz Entertainment in the third quarter valued at $1,948,000. Advisory Services Network LLC acquired a new position in Starz Entertainment in the third quarter valued at $36,000. Prelude Capital Management LLC acquired a new position in Starz Entertainment in the third quarter valued at $220,000. Finally, Bank of America Corp DE lifted its position in Starz Entertainment by 151.0% during the third quarter. Bank of America Corp DE now owns 80,868 shares of the company’s stock worth $1,191,000 after buying an additional 48,656 shares during the period.

Starz Entertainment Price Performance

Starz Entertainment stock opened at $10.52 on Friday. Starz Entertainment has a fifty-two week low of $8.00 and a fifty-two week high of $22.98. The stock’s fifty day moving average is $11.18 and its two-hundred day moving average is $12.53.

About Starz Entertainment

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.