Starz Entertainment Corp. (NASDAQ:STRZ) Given Consensus Rating of “Hold” by Brokerages

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $31.50.

A number of equities analysts have recently issued reports on STRZ shares. Morgan Stanley set a $30.00 price target on Starz Entertainment in a research report on Monday, August 10th. Robert W. Baird set a $30.00 price objective on shares of Starz Entertainment and gave the stock an “outperform” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $30.00 target price on shares of Starz Entertainment in a report on Tuesday, August 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Wednesday, July 29th. Finally, B. Riley Financial assumed coverage on shares of Starz Entertainment in a research report on Tuesday, June 30th. They issued a “buy” rating and a $45.00 price target for the company.

Starz Entertainment Stock Performance

Starz Entertainment stock opened at $26.89 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $460.36 million, a PE ratio of -1.05 and a beta of 2.44. The company has a 50 day moving average price of $27.01 and a 200-day moving average price of $21.41. Starz Entertainment has a fifty-two week low of $8.40 and a fifty-two week high of $32.58.

Starz Entertainment (NASDAQ:STRZ) last released its quarterly earnings data on Friday, August 7th. The company reported ($11.27) EPS for the quarter, missing the consensus estimate of ($0.59) by ($10.68). The firm had revenue of $307.90 million for the quarter. Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. As a group, equities analysts forecast that Starz Entertainment will post -6.12 earnings per share for the current year.

Insider Activity at Starz Entertainment

In other Starz Entertainment news, insider James Kapenstein acquired 1,000 shares of Starz Entertainment stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $25.73 per share, with a total value of $25,730.00. Following the completion of the purchase, the insider directly owned 12,302 shares of the company’s stock, valued at approximately $316,530.46. This represents a 8.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Hirsch bought 10,000 shares of the stock in a transaction on Monday, August 10th. The shares were bought at an average price of $24.80 per share, with a total value of $248,000.00. Following the acquisition, the chief executive officer owned 65,000 shares of the company’s stock, valued at $1,612,000. This trade represents a 18.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 22.62% of the company’s stock.

Institutional Investors Weigh In On Starz Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new position in Starz Entertainment in the second quarter valued at about $5,076,000. JPMorgan Chase & Co. purchased a new stake in shares of Starz Entertainment during the second quarter valued at about $409,000. Legal & General Group Plc bought a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $41,000. Rhumbline Advisers purchased a new position in shares of Starz Entertainment in the 2nd quarter worth approximately $318,000. Finally, Russell Investments Group Ltd. purchased a new position in Starz Entertainment in the second quarter worth $28,000.

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.