Starz Entertainment Corp. (NASDAQ:STRZ) Receives $20.00 Consensus PT from Analysts

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.00.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Baird R W raised shares of Starz Entertainment to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Starz Entertainment in a report on Monday. Morgan Stanley dropped their target price on Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Starz Entertainment in a report on Friday, September 5th.

Insider Buying and Selling

In related news, CEO Jeffrey Hirsch purchased 30,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $11.21 per share, for a total transaction of $336,300.00. Following the acquisition, the chief executive officer directly owned 198,690 shares of the company’s stock, valued at $2,227,314.90. This trade represents a 17.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 53.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Liberty 77 Capital L.P. acquired a new stake in shares of Starz Entertainment during the 2nd quarter valued at approximately $28,987,000. Geode Capital Management LLC purchased a new stake in Starz Entertainment during the second quarter worth $5,076,000. Jefferies Financial Group Inc. acquired a new stake in Starz Entertainment in the second quarter valued at $4,470,000. Ancora Advisors LLC grew its holdings in Starz Entertainment by 547.1% in the third quarter. Ancora Advisors LLC now owns 175,325 shares of the company’s stock valued at $2,583,000 after purchasing an additional 148,230 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Starz Entertainment in the second quarter valued at $2,212,000.

Starz Entertainment Trading Down 0.8%

Shares of STRZ stock opened at $11.61 on Wednesday. The business’s 50 day moving average is $11.11 and its two-hundred day moving average is $13.19. Starz Entertainment has a twelve month low of $8.00 and a twelve month high of $22.98.

Starz Entertainment (NASDAQ:STRZ) last issued its quarterly earnings results on Thursday, February 3rd. The company reported $0.21 earnings per share for the quarter. The company had revenue of $836.40 million for the 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.