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

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

STRZ has been the subject of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. Robert W. Baird set a $30.00 target price on shares of Starz Entertainment and gave the company an “outperform” rating in a research note on Monday, May 11th. Morgan Stanley upped their target price on shares of Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, 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, May 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Starz Entertainment has a consensus rating of “Hold” and a consensus price target of $28.80.

Starz Entertainment Stock Down 2.5%

Shares of STRZ stock traded down $0.61 on Friday, hitting $23.72. The stock had a trading volume of 17,620 shares, compared to its average volume of 161,082. The firm has a market capitalization of $396.77 million and a price-to-earnings ratio of -1.42. The stock’s 50 day moving average is $17.28 and its 200-day moving average is $13.25. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.19 and a current ratio of 0.19. Starz Entertainment has a 52-week low of $8.40 and a 52-week high of $24.65.

Insider Transactions at Starz Entertainment

In other news, insider Scott D. Macdonald acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $20.59 per share, with a total value of $102,950.00. Following the completion of the acquisition, the insider directly owned 18,757 shares in the company, valued at $386,206.63. This represents a 36.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alison Hoffman sold 13,661 shares of the business’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 completion of the sale, the insider directly owned 94,419 shares of the company’s stock, valued at approximately $2,022,454.98. This represents a 12.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.62% of the stock is owned by insiders.

Institutional Trading of Starz Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Wealth LLC increased its holdings in Starz Entertainment by 15.5% in the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock valued at $8,317,000 after buying an additional 95,245 shares during the last quarter. Royce & Associates LP lifted its position in shares of Starz Entertainment by 21.5% in the 4th quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock worth $5,156,000 after buying an additional 78,000 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Starz Entertainment in the 2nd quarter worth about $5,076,000. J. Goldman & Co LP lifted its position in shares of Starz Entertainment by 21.6% in the 4th quarter. J. Goldman & Co LP now owns 255,690 shares of the company’s stock worth $2,992,000 after buying an additional 45,352 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Starz Entertainment by 632.9% in the 4th quarter. Russell Investments Group Ltd. now owns 210,771 shares of the company’s stock worth $2,466,000 after buying 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.