Starz Entertainment Corp. (NASDAQ:STRZ) Receives $30.50 Average PT from Brokerages

Key Points

• Starz Entertainment Corp. has received an average recommendation of "Buy" from analysts, with a 12-month price target of $30.50.
• Insider trading activity includes Director Mark H. Md Rachesky purchasing 353,334 shares, increasing his stake by 299.90%, while Warner Bros. Discovery, Inc. sold an equal number of shares on the same day.
• New positions from various hedge funds in the second quarter indicate growing interest in Starz Entertainment, with investments totaling up to $1.1 million by Kornitzer Capital Management Inc.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) has received an average rating of "Buy" from the four analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $30.50.

Several brokerages have weighed in on STRZ. Wall Street Zen cut shares of Starz Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. TD Cowen upgraded Starz Entertainment to a "hold" rating in a research report on Tuesday, May 13th. Raymond James Financial reissued an "outperform" rating and issued a $22.00 price objective (up previously from $19.00) on shares of Starz Entertainment in a research note on Friday, May 30th. Seaport Res Ptn raised shares of Starz Entertainment to a "strong-buy" rating in a research report on Sunday, May 18th. Finally, Benchmark initiated coverage on shares of Starz Entertainment in a research note on Wednesday, July 9th. They issued a "buy" rating and a $39.00 target price on the stock.

Starz Entertainment Stock Down 3.1%

NASDAQ:STRZ traded down $0.45 on Friday, hitting $14.18. The company's stock had a trading volume of 143,003 shares, compared to its average volume of 115,670. Starz Entertainment has a one year low of $8.00 and a one year high of $22.98. The firm has a fifty day moving average of $16.33.

Insider Buying and Selling at Starz Entertainment

In other news, Director Mark H. Md Rachesky bought 353,334 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was bought at an average price of $14.15 per share, for a total transaction of $4,999,676.10. Following the transaction, the director directly owned 471,153 shares of the company's stock, valued at $6,666,814.95. This represents a 299.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joshua W. Sapan bought 5,500 shares of Starz Entertainment stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average cost of $17.98 per share, for a total transaction of $98,890.00. Following the acquisition, the director owned 5,500 shares in the company, valued at $98,890. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here.

Hedge Funds Weigh In On Starz Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of STRZ. Congress Park Capital LLC purchased a new stake in Starz Entertainment in the second quarter worth $181,000. CWM LLC bought a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $33,000. Kornitzer Capital Management Inc. KS purchased a new position in shares of Starz Entertainment during the second quarter valued at about $1,104,000. Nisa Investment Advisors LLC bought a new position in Starz Entertainment in the second quarter worth about $62,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Starz Entertainment in the second quarter worth about $1,573,000.

About Starz Entertainment

Starz is a premium cable and streaming network owned by Starz Entertainment, which was formerly a part of Lionsgate. Starz had about 20 million subscribers in the U.S. and Canada as of Dec. 31, 2024. The company's franchises include “Outlander” and “Power."