Analysts Set Starz Entertainment Corp. (NASDAQ:STRZ) Target Price at $29.33

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $29.3333.

Several research firms have commented on STRZ. Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the company an “outperform” rating in a report on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price target on shares of Starz Entertainment in a report on Friday, May 8th. B. Riley Financial assumed coverage on shares of Starz Entertainment in a research report on Tuesday, June 30th. They set a “buy” rating and a $45.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Morgan Stanley boosted 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, May 8th.

Insiders Place Their Bets

In related news, EVP Jason Wyrick sold 2,803 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $25.47, for a total value of $71,392.41. Following the sale, the executive vice president directly owned 27,241 shares of the company’s stock, valued at $693,828.27. This trade represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alison Hoffman sold 13,661 shares of Starz Entertainment stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $21.42, for a total value of $292,618.62. Following the completion of the transaction, the insider owned 94,419 shares in the company, valued at approximately $2,022,454.98. This represents a 12.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 22.62% of the company’s stock.

Institutional Investors Weigh In On Starz Entertainment

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in Starz Entertainment during the 2nd quarter worth approximately $28,000. Advisory Services Network LLC acquired a new stake in Starz Entertainment in the third quarter valued at approximately $36,000. BNP Paribas Financial Markets grew its stake in shares of Starz Entertainment by 101.8% during the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after buying an additional 1,274 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Starz Entertainment during the second quarter worth $41,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Starz Entertainment during the second quarter worth $48,000.

Starz Entertainment Stock Up 0.3%

STRZ stock opened at $24.42 on Friday. The company has a market cap of $408.55 million, a PE ratio of -1.46 and a beta of 2.35. The business has a 50-day simple moving average of $26.56 and a 200 day simple moving average of $17.92. Starz Entertainment has a 52 week low of $8.40 and a 52 week high of $32.58. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.26.

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.