Starz Entertainment Corp. (NASDAQ:STRZ) Receives $19.80 Average PT from Analysts

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.80.

Several research analysts recently issued reports on the company. Weiss Ratings restated a “sell (e)” rating on shares of Starz Entertainment in a research report on Monday, December 29th. Wall Street Zen downgraded Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Finally, Morgan Stanley cut their target price on shares of Starz Entertainment from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd.

Starz Entertainment Stock Performance

Shares of Starz Entertainment stock opened at $14.57 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19. Starz Entertainment has a 1 year low of $8.00 and a 1 year high of $22.98. The company has a market capitalization of $243.76 million and a P/E ratio of -2.40. The business has a 50 day moving average price of $11.57 and a 200 day moving average price of $11.49.

Insiders Place Their Bets

In related news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $13.86, for a total value of $25,000,473.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 22.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its holdings in Starz Entertainment by 109.7% in the 4th quarter. Hsbc Holdings PLC now owns 36,504 shares of the company’s stock valued at $428,000 after acquiring an additional 19,096 shares during the last quarter. Alpine Global Management LLC raised its holdings in Starz Entertainment by 12.5% in the 4th quarter. Alpine Global Management LLC now owns 148,703 shares of the company’s stock valued at $1,740,000 after acquiring an additional 16,472 shares during the last quarter. Beartown Capital Management LLC acquired a new position in Starz Entertainment in the 4th quarter valued at $585,000. J. Goldman & Co LP raised its holdings in Starz Entertainment by 21.6% in the 4th quarter. J. Goldman & Co LP now owns 255,690 shares of the company’s stock valued at $2,992,000 after acquiring an additional 45,352 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Starz Entertainment by 19.0% in the 4th quarter. AQR Capital Management LLC now owns 36,497 shares of the company’s stock valued at $421,000 after acquiring an additional 5,830 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.