Starz Entertainment Corp. (NASDAQ:STRZ) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts' consensus "Hold": Nine analysts rate STRZ a Hold (1 Sell, 6 Hold, 2 Buy) with an average 1-year price target of $19.80, and several firms recently cut ratings or price targets (e.g., Weiss sell; Morgan Stanley to $12; JPMorgan to $13).
• Shares trading down: STRZ opened at $14.02 (down ~6.3%), within a 12-month range of $8.00–$22.98 and currently above its 50-day ($10.83) and 200-day ($11.62) moving averages.
• Insider and institutional moves: Major shareholder Liberty 77 Capital sold 1,803,786 shares for about $25 million, while several institutions (NewEdge, Royce, Geode, Jefferies, J. Goldman) have recently increased or started positions in the stock.

Shares of Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) have earned an average rating of "Hold" from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.80.

Several analysts have weighed in on STRZ shares. Weiss Ratings reaffirmed a "sell (e)" rating on shares of Starz Entertainment in a research note on Monday, December 29th. Wall Street Zen cut Starz Entertainment from a "hold" rating to a "sell" rating in a research note on Sunday, December 21st. Morgan Stanley lowered their price target on Starz Entertainment from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Starz Entertainment from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Monday, November 17th.

Starz Entertainment Trading Down 6.3%

Shares of NASDAQ STRZ opened at $14.02 on Monday. Starz Entertainment has a 12-month low of $8.00 and a 12-month high of $22.98. The stock has a 50 day simple moving average of $10.83 and a 200-day simple moving average of $11.62.

Insider Buying and Selling

In other Starz Entertainment news, major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of the business's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $13.86, for a total transaction of $25,000,473.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STRZ. NewEdge Wealth LLC raised its holdings in Starz Entertainment by 15.5% during the fourth quarter. NewEdge Wealth LLC now owns 710,862 shares of the company's stock worth $8,317,000 after purchasing an additional 95,245 shares in the last quarter. Royce & Associates LP boosted its stake in Starz Entertainment by 21.5% during the 4th quarter. Royce & Associates LP now owns 440,645 shares of the company's stock valued at $5,156,000 after purchasing an additional 78,000 shares in the last quarter. Geode Capital Management LLC bought a new position in Starz Entertainment during the 2nd quarter valued at $5,076,000. Jefferies Financial Group Inc. acquired a new position in shares of Starz Entertainment during the 2nd quarter valued at $4,470,000. Finally, J. Goldman & Co LP raised its stake in shares of Starz Entertainment by 21.6% in the 4th quarter. J. Goldman & Co LP now owns 255,690 shares of the company's stock worth $2,992,000 after buying an additional 45,352 shares in the last quarter.

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.

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