Starz Entertainment Corp. (NASDAQ:STRZ) Receives $21.40 Consensus PT from Analysts

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.40.

A number of research firms have weighed in on STRZ. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday. Robert W. Baird set a $30.00 price objective on shares of Starz Entertainment and gave the company an “outperform” rating in a research report on Monday. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Starz Entertainment in a research report on Friday.

Starz Entertainment Stock Up 6.9%

Starz Entertainment stock opened at $21.15 on Tuesday. The firm has a market cap of $353.84 million and a price-to-earnings ratio of -1.26. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19. Starz Entertainment has a fifty-two week low of $8.40 and a fifty-two week high of $22.98. The firm has a fifty day moving average price of $15.17 and a two-hundred day moving average price of $12.24.

Insider Activity at Starz Entertainment

In other news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $13.86, for a total transaction of $25,000,473.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 22.62% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STRZ. Geode Capital Management LLC acquired a new position in shares of Starz Entertainment during the second quarter valued at about $5,076,000. Russell Investments Group Ltd. raised its position in shares of Starz Entertainment by 632.9% during the fourth quarter. Russell Investments Group Ltd. now owns 210,771 shares of the company’s stock valued at $2,466,000 after buying an additional 182,012 shares during the last quarter. Ancora Advisors LLC raised its position in shares of Starz Entertainment by 547.1% during the third quarter. Ancora Advisors LLC now owns 175,325 shares of the company’s stock valued at $2,583,000 after buying an additional 148,230 shares during the last quarter. Marshall Wace LLP bought a new stake in Starz Entertainment in the second quarter valued at about $2,212,000. Finally, Alpine Global Management LLC bought a new stake in Starz Entertainment in the third quarter valued at about $1,948,000.

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.