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

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have received an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned 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 $20.00.

Several research analysts have recently commented on the stock. Weiss Ratings restated a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th. Morgan Stanley lowered their target price on shares of Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Zacks Research upgraded Starz Entertainment to a “hold” rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. decreased their price target on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Finally, Wall Street Zen lowered Starz Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, December 21st.

Starz Entertainment Stock Down 2.3%

STRZ opened at $11.66 on Wednesday. Starz Entertainment has a fifty-two week low of $8.00 and a fifty-two week high of $22.98. The business has a 50-day moving average of $11.13 and a 200-day moving average of $13.09.

Starz Entertainment (NASDAQ:STRZ) last announced its quarterly earnings results on Thursday, February 3rd. The company reported $0.21 EPS for the quarter. The firm had revenue of $836.40 million during the quarter.

Insider Activity at Starz Entertainment

In other news, CEO Jeffrey Hirsch purchased 30,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $11.21 per share, with a total value of $336,300.00. Following the completion of the transaction, the chief executive officer directly owned 198,690 shares in the company, valued at $2,227,314.90. This trade represents a 17.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STRZ. Russell Investments Group Ltd. bought a new position in Starz Entertainment in the 2nd quarter worth $28,000. CWM LLC bought a new position in shares of Starz Entertainment in the second quarter worth about $33,000. Advisory Services Network LLC bought a new position in shares of Starz Entertainment in the third quarter worth about $36,000. BNP Paribas Financial Markets lifted its position in shares of Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Starz Entertainment during the 2nd quarter valued at approximately $41,000.

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.