Morgan Stanley Lowers Starz Entertainment (NASDAQ:STRZ) Price Target to $12.00

Starz Entertainment (NASDAQ:STRZ) had its price objective cut by equities research analysts at Morgan Stanley from $13.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 10.29% from the stock’s current price.

A number of other equities research analysts also recently commented on STRZ. JPMorgan Chase & Co. decreased their target price on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (e)” rating on shares of Starz Entertainment in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.80.

Starz Entertainment Stock Performance

NASDAQ STRZ traded down $0.12 on Monday, reaching $10.88. The company had a trading volume of 152,656 shares, compared to its average volume of 136,989. Starz Entertainment has a 12 month low of $8.00 and a 12 month high of $22.98. The firm’s 50 day moving average price is $10.34 and its 200 day moving average price is $11.57.

Institutional Investors Weigh In On Starz Entertainment

Several institutional investors have recently made changes to their positions in STRZ. BNP Paribas Financial Markets raised its position in Starz Entertainment by 101.8% in 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 during the period. Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment during the second quarter valued at approximately $28,000. CWM LLC purchased a new stake in shares of Starz Entertainment in the second quarter worth approximately $33,000. Harbor Capital Advisors Inc. lifted its stake in shares of Starz Entertainment by 9.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,107 shares of the company’s stock worth $270,000 after acquiring an additional 2,083 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Starz Entertainment during the 3rd quarter valued at $36,000.

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.