Shares of Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) have been given an average rating of “Hold” by the eight analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.8333.
A number of analysts have commented on STRZ shares. Robert W. Baird set a $30.00 price target on shares of Starz Entertainment and gave the stock an “outperform” rating in a research report on Monday, May 11th. Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $26.00 target price on shares of Starz Entertainment in a report on Friday, June 5th. Finally, B. Riley Financial started coverage on Starz Entertainment in a research report on Tuesday, June 30th. They issued a “buy” rating and a $45.00 target price for the company.
Check Out Our Latest Report on Starz Entertainment
Starz Entertainment Stock Performance
Insider Activity
In other news, insider James M. Kapenstein acquired 1,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $25.73 per share, for a total transaction of $25,730.00. Following the completion of the acquisition, the insider directly owned 12,302 shares in the company, valued at $316,530.46. This represents a 8.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey Hirsch bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $24.80 per share, with a total value of $248,000.00. Following the purchase, the chief executive officer directly owned 65,000 shares of the company’s stock, valued at approximately $1,612,000. This represents a 18.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 22.62% of the stock is owned by insiders.
Institutional Investors Weigh In On Starz Entertainment
A number of institutional investors and hedge funds have recently bought and sold shares of STRZ. NewEdge Wealth LLC boosted its position in shares of Starz Entertainment by 15.5% during the 4th quarter. NewEdge Wealth LLC now owns 710,862 shares of the company’s stock valued at $8,317,000 after purchasing an additional 95,245 shares in the last quarter. Strs Ohio raised its holdings in shares of Starz Entertainment by 1,955.5% in the 4th quarter. Strs Ohio now owns 45,900 shares of the company’s stock worth $537,000 after purchasing an additional 43,667 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Starz Entertainment by 109.7% in the 4th quarter. Hsbc Holdings PLC now owns 36,504 shares of the company’s stock worth $428,000 after purchasing an additional 19,096 shares in the last quarter. Royce & Associates LP lifted its stake in Starz Entertainment by 21.5% during the fourth quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock valued at $5,156,000 after purchasing an additional 78,000 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Starz Entertainment during the first quarter valued at approximately $577,000.
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.
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