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

Starz Entertainment Corp. (NASDAQ:STRZ) has received an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.00.

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

Institutional Investors Weigh In On Starz Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Liberty 77 Capital L.P. bought a new stake in Starz Entertainment during the 2nd quarter worth about $28,987,000. NewEdge Wealth LLC raised its holdings in Starz Entertainment by 15.5% during the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock worth $8,317,000 after acquiring an additional 95,245 shares in the last quarter. Royce & Associates LP raised its holdings in Starz Entertainment by 21.5% during the fourth quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock worth $5,156,000 after acquiring an additional 78,000 shares in the last quarter. Geode Capital Management LLC acquired a new position in Starz Entertainment during the second quarter valued at approximately $5,076,000. Finally, Jefferies Financial Group Inc. bought a new position in Starz Entertainment in the second quarter valued at approximately $4,470,000.

Starz Entertainment Stock Performance

Shares of NASDAQ:STRZ opened at $8.96 on Thursday. Starz Entertainment has a 12 month low of $8.00 and a 12 month high of $22.98. The company’s fifty day simple moving average is $10.49 and its 200 day simple moving average is $11.70.

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.