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

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have received an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to 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.

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

Starz Entertainment Price Performance

Shares of NASDAQ:STRZ opened at $9.98 on Friday. Starz Entertainment has a 12 month low of $8.00 and a 12 month high of $22.98. The stock’s 50 day moving average price is $11.15 and its 200 day moving average price is $12.50.

Insider Transactions at Starz Entertainment

In other news, CEO Jeffrey Hirsch purchased 30,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $11.21 per share, with a total value of $336,300.00. Following the acquisition, the chief executive officer directly owned 198,690 shares in the company, valued at approximately $2,227,314.90. The trade was a 17.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 53.60% of the stock is owned by corporate insiders.

Institutional Trading of Starz Entertainment

Large investors have recently bought and sold shares of the stock. CWM LLC acquired a new stake in shares of Starz Entertainment during the second quarter worth approximately $33,000. Kornitzer Capital Management Inc. KS acquired a new position in Starz Entertainment in the second quarter valued at approximately $1,104,000. Nisa Investment Advisors LLC bought a new position in Starz Entertainment in the second quarter valued at approximately $62,000. Y Intercept Hong Kong Ltd acquired a new stake in Starz Entertainment during the 2nd quarter worth $1,573,000. Finally, Peregrine Capital Management LLC bought a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $654,000.

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.