Starz Entertainment (NASDAQ:STRZ) Stock Rating Upgraded by Robert W. Baird

Starz Entertainment (NASDAQ:STRZ) was upgraded by Robert W. Baird from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently weighed in on the company. Raymond James Financial restated an “outperform” rating and set a $29.00 price target on shares of Starz Entertainment in a report on Friday. Morgan Stanley raised their price objective on shares of Starz Entertainment from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Starz Entertainment currently has a consensus rating of “Hold” and an average target price of $26.40.

Starz Entertainment Price Performance

NASDAQ:STRZ opened at $21.15 on Monday. Starz Entertainment has a one year low of $8.40 and a one year high of $22.98. The company has a market cap of $353.84 million and a P/E ratio of -1.26. The firm’s fifty day moving average price is $15.17 and its two-hundred day moving average price is $12.24. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.19 and a quick ratio of 0.19.

Insiders Place Their Bets

In other Starz Entertainment 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 transaction of $25,000,473.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 22.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Starz Entertainment

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in shares of Starz Entertainment by 101.8% during the third 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 in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment in the 2nd quarter worth $28,000. Harbor Capital Advisors Inc. raised its position in shares of Starz Entertainment by 9.9% in 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 in the last quarter. Advisory Services Network LLC acquired a new position in Starz Entertainment during the 3rd quarter valued at about $36,000. Finally, Legal & General Group Plc acquired a new position in Starz Entertainment during the 2nd quarter valued at about $41,000.

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.