Starz Entertainment (NASDAQ:STRZ) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Starz Entertainment (NASDAQ:STRZ) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $13.00 to $25.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.41% from the stock’s current price.

Several other analysts also recently commented on the company. Morgan Stanley upped their price objective on Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Robert W. Baird set a $30.00 price objective on Starz Entertainment and gave the company an “outperform” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Starz Entertainment in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.80.

Starz Entertainment Stock Performance

STRZ traded down $0.61 on Friday, hitting $23.72. 17,620 shares of the company traded hands, compared to its average volume of 161,082. The company has a 50 day moving average of $17.28 and a 200-day moving average of $13.25. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $396.77 million and a PE ratio of -1.42. Starz Entertainment has a 12-month low of $8.40 and a 12-month high of $24.65.

Insider Buying and Selling at Starz Entertainment

In other Starz Entertainment news, insider Alison Hoffman sold 13,661 shares of the company’s 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 sale, the insider owned 94,419 shares of the company’s stock, valued at $2,022,454.98. This represents a 12.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott D. Macdonald purchased 5,000 shares of Starz Entertainment stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $20.59 per share, for a total transaction of $102,950.00. Following the acquisition, the insider directly owned 18,757 shares of the company’s stock, valued at approximately $386,206.63. This represents a 36.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 22.62% of the company’s stock.

Hedge Funds Weigh In On Starz Entertainment

Institutional investors have recently modified their holdings of the company. NewEdge Wealth LLC increased its position 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 purchasing an additional 95,245 shares during the last quarter. Royce & Associates LP increased its position 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 purchasing an additional 78,000 shares during the last quarter. Geode Capital Management LLC acquired a new position in Starz Entertainment during the second quarter worth approximately $5,076,000. J. Goldman & Co LP increased its position in Starz Entertainment by 21.6% during the fourth quarter. J. Goldman & Co LP now owns 255,690 shares of the company’s stock worth $2,992,000 after purchasing an additional 45,352 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Starz Entertainment by 632.9% during the fourth quarter. Russell Investments Group Ltd. now owns 210,771 shares of the company’s stock worth $2,466,000 after purchasing an additional 182,012 shares during the last quarter.

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.