Starz Entertainment Corp. (NASDAQ:STRZ) Given Consensus Rating of “Hold” by Analysts

Starz Entertainment Corp. (NASDAQ:STRZ) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $28.3333.

A number of research analysts have issued reports on the company. Robert W. Baird set a $30.00 target price on Starz Entertainment and gave the company an “outperform” rating in a research note on Monday, May 11th. Morgan Stanley boosted their target price on Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a research note on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $26.00 target price on shares of Starz Entertainment in a research note on Friday, June 5th.

Starz Entertainment Price Performance

NASDAQ:STRZ opened at $28.98 on Wednesday. Starz Entertainment has a 1 year low of $8.40 and a 1 year high of $29.25. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26. The stock has a market cap of $484.84 million and a price-to-earnings ratio of -1.73. The stock has a 50-day moving average price of $23.25 and a two-hundred day moving average price of $15.69.

Insider Transactions at Starz Entertainment

In other news, CEO Jeffrey Hirsch purchased 10,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the chief executive officer directly owned 55,000 shares in the company, valued at approximately $1,139,600. This trade represents a 22.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott D. Macdonald purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $20.59 per share, for a total transaction of $102,950.00. Following the completion of the acquisition, 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 22.62% of the company’s stock.

Institutional Trading of Starz Entertainment

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted 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 in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Starz Entertainment in the first quarter valued at about $577,000. Gamco Investors INC. ET AL lifted its holdings in shares of Starz Entertainment by 4.3% in the first quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock valued at $833,000 after purchasing an additional 3,000 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Starz Entertainment in the first quarter valued at about $190,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Starz Entertainment by 11.6% in the first quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock valued at $469,000 after purchasing an additional 4,243 shares in the last quarter.

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.