Starz Entertainment Corp. (NASDAQ:STRZ) Receives $28.80 Consensus Price Target from Analysts

Starz Entertainment Corp. (NASDAQ:STRZ) has been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.80.

A number of research firms have recently weighed in on STRZ. Raymond James Financial reissued an “outperform” rating and set a $29.00 target price on shares of Starz Entertainment in a report on Friday, May 8th. Robert W. Baird set a $30.00 target price on Starz Entertainment and gave the stock an “outperform” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on Starz Entertainment from $13.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st. Finally, Morgan Stanley lifted their target price on Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th.

Starz Entertainment Trading Up 3.8%

STRZ stock opened at $27.25 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19. The company has a fifty day moving average price of $18.33 and a two-hundred day moving average price of $13.67. Starz Entertainment has a one year low of $8.40 and a one year high of $28.14. The stock has a market cap of $455.89 million and a price-to-earnings ratio of -1.63.

Insider Activity at Starz Entertainment

In other news, EVP Jason Wyrick sold 2,803 shares of Starz Entertainment stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $25.47, for a total transaction of $71,392.41. Following the completion of the sale, the executive vice president owned 27,241 shares of the company’s stock, valued at approximately $693,828.27. This trade represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of Starz Entertainment stock in a transaction on Friday, March 6th. The stock was sold at an average price of $13.86, for a total value of $25,000,473.96. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,820,250 shares of company stock valued at $25,364,485. 22.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Starz Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Starz Entertainment in the second quarter valued at about $28,000. Advisory Services Network LLC acquired a new position in Starz Entertainment in the third quarter valued at about $36,000. BNP Paribas Financial Markets raised its stake in Starz Entertainment by 101.8% in the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after purchasing an additional 1,274 shares in the last quarter. Legal & General Group Plc acquired a new position in Starz Entertainment in the second quarter valued at about $41,000. Finally, New York State Common Retirement Fund acquired a new position in Starz Entertainment in the second quarter valued at about $48,000.

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.