Starz Entertainment Corp. (NASDAQ:STRZ) Receives Average Recommendation of “Hold” from Brokerages

Starz Entertainment Corp. (NASDAQ:STRZ) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $21.40.

Several research firms have weighed in on STRZ. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday. Morgan Stanley set a $20.00 target price on Starz Entertainment in a report on Thursday.

Starz Entertainment Price Performance

NASDAQ STRZ opened at $19.37 on Tuesday. Starz Entertainment has a fifty-two week low of $8.00 and a fifty-two week high of $22.98. The stock’s 50-day moving average is $14.09 and its two-hundred day moving average is $11.93. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $324.06 million and a P/E ratio of -3.19.

Insider Activity

In other news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of Starz Entertainment stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.62% of the company’s stock.

Hedge Funds Weigh In On Starz Entertainment

A number of institutional investors have recently made changes to their positions in STRZ. Geode Capital Management LLC bought a new position in shares of Starz Entertainment in the second quarter worth about $5,076,000. JPMorgan Chase & Co. bought a new position in shares of Starz Entertainment in the second quarter worth about $409,000. Legal & General Group Plc bought a new position in shares of Starz Entertainment in the second quarter worth about $41,000. Rhumbline Advisers bought a new position in shares of Starz Entertainment in the second quarter worth about $318,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment in the second quarter worth about $28,000.

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.