Starz Entertainment (NASDAQ:STRZ) Upgraded by Robert W. Baird to “Strong-Buy” Rating

Starz Entertainment (NASDAQ:STRZ) was upgraded by stock analysts at Robert W. Baird from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Morgan Stanley upped their target price on Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday. Raymond James Financial restated an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a research note on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.40.

Starz Entertainment Stock Up 6.9%

Shares of STRZ stock opened at $21.15 on Monday. The stock’s 50-day simple moving average is $15.17 and its 200-day simple moving average is $12.24. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $353.84 million and a PE ratio of -1.26. Starz Entertainment has a fifty-two week low of $8.40 and a fifty-two week high of $22.98.

Insider Activity

In related news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $13.86, for a total value of $25,000,473.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 22.62% of the company’s stock.

Institutional Investors Weigh In On Starz Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Starz Entertainment in the 2nd quarter valued at $28,000. Advisory Services Network LLC acquired a new position in Starz Entertainment during the 3rd quarter worth $36,000. BNP Paribas Financial Markets grew its stake in 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 in the last quarter. Legal & General Group Plc acquired a new position in Starz Entertainment during the 2nd quarter worth $41,000. Finally, New York State Common Retirement Fund acquired a new position in Starz Entertainment during the 2nd quarter worth $48,000.

Starz Entertainment Company Profile

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.