Starz Entertainment (NASDAQ:STRZ) Upgraded to Strong-Buy at B. Riley Financial

Starz Entertainment (NASDAQ:STRZ) was upgraded by investment analysts at B. Riley Financial to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

STRZ has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $26.00 target price on shares of Starz Entertainment in a research report on Friday, June 5th. JPMorgan Chase & Co. increased their price target on shares of Starz Entertainment from $13.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Morgan Stanley raised their price objective on shares of Starz Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $30.00 price objective on Starz Entertainment and gave the stock an “outperform” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.71.

Starz Entertainment Stock Up 4.7%

Starz Entertainment stock opened at $30.21 on Tuesday. Starz Entertainment has a fifty-two week low of $8.40 and a fifty-two week high of $32.58. The firm has a market capitalization of $505.41 million, a price-to-earnings ratio of -1.80 and a beta of 2.33. The stock’s fifty day moving average is $23.87 and its two-hundred day moving average is $16.06. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.31 and a current ratio of 0.31.

Insider Buying and Selling

In other news, insider Scott D. Macdonald bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $20.59 per share, with a total value of $102,950.00. Following the purchase, the insider owned 18,757 shares of the company’s stock, valued at $386,206.63. This trade represents a 36.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jason Wyrick sold 2,803 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $25.47, for a total transaction of $71,392.41. Following the sale, the executive vice president directly owned 27,241 shares in the company, valued at $693,828.27. This represents a 9.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of STRZ. NewEdge Wealth LLC grew 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 purchasing an additional 95,245 shares during the period. Alpine Global Management LLC purchased a new position in Starz Entertainment during the third quarter worth approximately $1,948,000. Strs Ohio boosted 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 valued at $537,000 after purchasing an additional 43,667 shares during the last quarter. Royce & Associates LP grew its stake in shares of Starz Entertainment by 21.5% during the 4th quarter. Royce & Associates LP now owns 440,645 shares of the company’s stock valued at $5,156,000 after buying an additional 78,000 shares during the period. Finally, Huber Capital Management LLC increased its holdings in shares of Starz Entertainment by 40.5% during the 3rd quarter. Huber Capital Management LLC now owns 136,963 shares of the company’s stock worth $2,017,000 after buying an additional 39,492 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.