Starz Entertainment Corp. (NASDAQ:STRZ) Receives Average Recommendation of “Hold” from Brokerages

Starz Entertainment Corp. (NASDAQ:STRZ) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $29.3333.

STRZ has been the topic of several research reports. Morgan Stanley raised their price objective on Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. B. Riley Financial assumed coverage on Starz Entertainment in a research note on Tuesday, June 30th. They set a “buy” rating and a $45.00 price target on the stock. Robert W. Baird set a $30.00 price target on Starz Entertainment and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $26.00 price objective on shares of Starz Entertainment in a research note on Friday, June 5th.

Starz Entertainment Price Performance

Shares of STRZ opened at $26.77 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.31 and a quick ratio of 0.31. Starz Entertainment has a 1-year low of $8.40 and a 1-year high of $32.58. The stock has a market cap of $447.86 million, a PE ratio of -1.60 and a beta of 2.35. The firm has a fifty day moving average price of $26.10 and a 200 day moving average price of $17.42.

Insider Buying and Selling at Starz Entertainment

In other Starz Entertainment news, insider Scott D. Macdonald bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $20.59 per share, for a total transaction of $102,950.00. Following the completion of the purchase, the insider owned 18,757 shares of the company’s stock, valued at approximately $386,206.63. This represents a 36.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Hirsch purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $20.72 per share, for a total transaction of $207,200.00. Following the acquisition, the chief executive officer owned 55,000 shares of the company’s stock, valued at approximately $1,139,600. The trade was a 22.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 22.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Starz Entertainment by 35.2% in the first quarter. Bank of America Corp DE now owns 90,937 shares of the company’s stock valued at $1,046,000 after purchasing an additional 23,689 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Starz Entertainment during the first quarter worth approximately $577,000. Gamco Investors INC. ET AL lifted its holdings in shares of Starz Entertainment by 4.3% during the first quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock worth $833,000 after purchasing an additional 3,000 shares during the period. Sei Investments Co. acquired a new stake in shares of Starz Entertainment during the first quarter worth $190,000. Finally, Hsbc Holdings PLC grew its position in Starz Entertainment by 11.6% in the 1st quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock valued at $469,000 after buying an additional 4,243 shares during the last 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.