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

Starz Entertainment Corp. (NASDAQ:STRZ) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $19.80.

A number of research analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Starz Entertainment from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Wall Street Zen lowered Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Finally, Weiss Ratings reissued a “sell (e)” rating on shares of Starz Entertainment in a research report on Monday, December 29th.

Starz Entertainment Price Performance

Shares of NASDAQ STRZ opened at $12.14 on Monday. The company’s 50-day moving average price is $10.99 and its 200 day moving average price is $11.62. Starz Entertainment has a 52 week low of $8.00 and a 52 week high of $22.98.

Insider Activity

In related news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the stock in a transaction on 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 SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth about $806,000. Geode Capital Management LLC purchased a new position in shares of Starz Entertainment during the second quarter valued at approximately $5,076,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Starz Entertainment during the second quarter valued at approximately $49,000. JPMorgan Chase & Co. acquired a new stake in Starz Entertainment during the second quarter worth approximately $409,000. Finally, Legal & General Group Plc purchased a new stake in Starz Entertainment in the 2nd quarter worth approximately $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.