Starz Entertainment (NASDAQ:STRZ) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Starz Entertainment (NASDAQ:STRZ) from a hold rating to a sell rating in a research note issued to investors on Saturday.

STRZ has been the topic of several other reports. B. Riley Financial initiated coverage on shares of Starz Entertainment in a research note on Tuesday, June 30th. They set a “buy” rating and a $45.00 price objective on the stock. Raymond James Financial reiterated an “outperform” rating and set a $29.00 price target on shares of Starz Entertainment in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Friday, May 1st. Morgan Stanley upped their price objective on Starz Entertainment from $20.00 to $21.00 and gave the company 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 company an “outperform” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Starz Entertainment currently has a consensus rating of “Hold” and an average price target of $29.33.

Starz Entertainment Stock Up 0.3%

NASDAQ:STRZ opened at $24.42 on Friday. Starz Entertainment has a twelve month low of $8.40 and a twelve month high of $32.58. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average price is $26.56 and its two-hundred day moving average price is $17.92. The firm has a market capitalization of $408.55 million, a price-to-earnings ratio of -1.46 and a beta of 2.35.

Insider Buying and Selling at Starz Entertainment

In other Starz Entertainment news, CEO Jeffrey Hirsch purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $20.72 per share, with a total value of $207,200.00. Following the completion of the transaction, the chief executive officer owned 55,000 shares in the company, valued at $1,139,600. The trade was a 22.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jason Wyrick sold 2,803 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $25.47, for a total transaction of $71,392.41. Following the transaction, the executive vice president owned 27,241 shares in the company, valued at approximately $693,828.27. The trade was a 9.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 22.62% of the company’s stock.

Institutional Investors Weigh In On Starz Entertainment

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth $28,000. Advisory Services Network LLC acquired a new stake in Starz Entertainment during the third quarter worth about $36,000. BNP Paribas Financial Markets increased its holdings in Starz Entertainment by 101.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after buying an additional 1,274 shares during the period. Legal & General Group Plc bought a new position in Starz Entertainment in the 2nd quarter valued at about $41,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Starz Entertainment in the 2nd quarter valued at approximately $48,000.

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.