Starz Entertainment Corp. (NASDAQ:STRZ) Stock Has Consensus Price Target of $32.71

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $32.71.

Several research firms have recently weighed in on STRZ. Citizens Jmp began coverage on Starz Entertainment in a research report on Monday, September 14th. They set a “market outperform” rating and a $40.00 price objective for the company. Citigroup assumed coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $30.00 target price on shares of Starz Entertainment in a research report on Tuesday, August 18th. Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a research report on Monday, August 10th. Finally, B. Riley Financial initiated coverage on shares of Starz Entertainment in a research report on Tuesday, June 30th. They issued a “buy” rating and a $45.00 price objective on the stock.

Starz Entertainment Price Performance

NASDAQ STRZ opened at $23.63 on Friday. 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 stock has a market cap of $404.64 million, a price-to-earnings ratio of -0.93 and a beta of 2.55. The business has a 50 day simple moving average of $25.56 and a 200 day simple moving average of $23.50. Starz Entertainment has a 52-week low of $8.40 and a 52-week high of $32.58.

Starz Entertainment (NASDAQ:STRZ) last announced its quarterly earnings results on Friday, August 7th. The company reported ($11.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($10.68). Starz Entertainment had a negative net margin of 33.98% and a negative return on equity of 25.64%. The company had revenue of $307.90 million during the quarter. Analysts anticipate that Starz Entertainment will post -6.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Starz Entertainment news, insider James M. Kapenstein purchased 1,000 shares of the stock in a transaction dated 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 acquisition, the insider owned 12,302 shares of the company’s stock, valued at approximately $316,530.46. This represents a 8.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Hirsch acquired 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 65,000 shares in the company, valued at $1,612,000. This represents a 18.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 22.62% of the stock is owned by company insiders.

Institutional Trading of Starz Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Starz Entertainment during the 2nd quarter worth approximately $35,599,000. NewEdge Wealth LLC acquired a new stake in Starz Entertainment during the 2nd quarter worth about $13,911,000. Ancora Advisors LLC acquired a new stake in Starz Entertainment during the second quarter worth approximately $11,826,000. Bank of New York Mellon Corp bought a new stake in Starz Entertainment in the second quarter worth approximately $9,018,000. Finally, Jefferies Financial Group Inc. acquired a new position in Starz Entertainment in the second quarter valued at approximately $8,027,000.

Starz Entertainment Company Profile

Starz Entertainment (NASDAQ: STRZ) is a media and entertainment company focused on premium television and streaming content. Its flagship STARZ service offers original series, feature films and other entertainment programming through pay-TV distribution and direct-to-consumer streaming platforms.

The company’s programming includes scripted dramas, comedies, action series and movies, with content available through the STARZ cable network, the STARZ streaming application and participating digital, satellite and telecommunications providers.