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

Starz Entertainment Corp. (NASDAQ:STRZ) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued 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 brokerages that have issued a report on the stock in the last year is $28.3333.

A number of equities research analysts recently commented on STRZ shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $26.00 target price on shares of Starz Entertainment in a report on Friday. 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 target price on shares of Starz Entertainment in a report on Friday, May 8th. Finally, 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.

More Starz Entertainment News

Here are the key news stories impacting Starz Entertainment this week:

• Positive Sentiment: Starz ordered “Power: Legacy”, a new New York-set spinoff in the popular “Power” universe, with familiar characters returning. Article Title
• Positive Sentiment: Multiple reports echoed the same development, reinforcing the market’s view that Starz is investing in proven content that could help growth and retention. Article Title
• Positive Sentiment: The new spinoff adds to the “Power” franchise pipeline, which may be viewed as a positive catalyst for the Starz streaming platform and brand engagement. Article Title
• Neutral Sentiment: Investor coverage comparing Starz Entertainment with another media company appears routine and is unlikely to move the stock by itself. Article Title
• Neutral Sentiment: Starz participated in an industry event with a fireside chat, which may help visibility but is not a major near-term financial catalyst. Article Title
• Negative Sentiment: An executive stock sale by EVP Jason Wyrick may create some caution, since insider selling is often watched as a modest negative signal. Article Title

Starz Entertainment Trading Down 6.7%

Starz Entertainment stock opened at $26.13 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.92. Starz Entertainment has a 52 week low of $8.40 and a 52 week high of $28.24. The company has a market capitalization of $437.15 million and a price-to-earnings ratio of -1.56. The stock has a 50-day moving average price of $18.94 and a 200 day moving average price of $13.88.

Insider Transactions at Starz Entertainment

In other news, CEO Jeffrey Hirsch bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $20.72 per share, with a total value of $207,200.00. Following the completion of the acquisition, the chief executive officer directly owned 55,000 shares of the company’s stock, valued at $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 is accessible through the SEC website. Also, insider Alison Hoffman sold 13,661 shares of Starz Entertainment stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $21.42, for a total value of $292,618.62. Following the transaction, the insider owned 94,419 shares of the company’s stock, valued at approximately $2,022,454.98. This represents a 12.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in Starz Entertainment during the second quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new position in Starz Entertainment during the third quarter valued at approximately $36,000. BNP Paribas Financial Markets raised its position in Starz Entertainment by 101.8% during the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after acquiring an additional 1,274 shares in the last quarter. Legal & General Group Plc purchased a new position in Starz Entertainment during the second quarter valued at approximately $41,000. Finally, New York State Common Retirement Fund purchased a new position in Starz Entertainment during the second quarter valued at approximately $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.