Starz Entertainment Corp. (NASDAQ:STRZ) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Starz Entertainment Corp. (NASDAQ:STRZ) has received a consensus rating of "Moderate Buy" from five brokerages, with an average twelve-month target price of $25.00.
• Recent insider activity includes significant purchases by directors, with one director increasing their stake by 299.90% and another acquiring over 8,100 shares at a price of $12.98 per share.
• Starz Entertainment reported a loss of $2.54 EPS for the last quarter, missing analysts' expectations, with revenue also falling short at $319.70 million.

Shares of Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $25.00.

A number of equities analysts have weighed in on the company. Benchmark started coverage on Starz Entertainment in a research report on Wednesday, July 9th. They set a "buy" rating and a $39.00 price target for the company. TD Cowen upgraded shares of Starz Entertainment to a "hold" rating in a report on Tuesday, May 13th. Raymond James Financial reiterated an "outperform" rating and issued a $22.00 price target (up from $19.00) on shares of Starz Entertainment in a research note on Friday, May 30th. Morgan Stanley decreased their price objective on Starz Entertainment from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Friday, August 15th. Finally, Wall Street Zen upgraded Starz Entertainment from a "sell" rating to a "hold" rating in a report on Saturday, August 16th.

Insider Buying and Selling

In other news, Director Harry Sloan acquired 8,100 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was bought at an average price of $12.98 per share, with a total value of $105,138.00. Following the transaction, the director directly owned 42,260 shares in the company, valued at approximately $548,534.80. The trade was a 23.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark H. Md Rachesky acquired 353,334 shares of the stock in a transaction dated Monday, June 2nd. The shares were purchased at an average price of $14.15 per share, for a total transaction of $4,999,676.10. Following the completion of the purchase, the director directly owned 471,153 shares in the company, valued at $6,666,814.95. The trade was a 299.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 374,630 shares of company stock worth $5,300,462. 53.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Starz Entertainment

Several hedge funds have recently added to or reduced their stakes in STRZ. Russell Investments Group Ltd. bought a new stake in shares of Starz Entertainment during the 2nd quarter worth about $28,000. Diametric Capital LP bought a new position in Starz Entertainment in the 2nd quarter valued at about $369,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Starz Entertainment during the second quarter worth approximately $49,000. Jefferies Financial Group Inc. bought a new stake in shares of Starz Entertainment during the second quarter worth approximately $4,470,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Starz Entertainment in the second quarter valued at approximately $806,000.

Starz Entertainment Stock Up 2.0%

Shares of NASDAQ:STRZ opened at $13.56 on Thursday. Starz Entertainment has a 52 week low of $8.00 and a 52 week high of $22.98. The firm has a 50 day moving average price of $15.17.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.39) by ($1.15). The business had revenue of $319.70 million during the quarter, compared to analysts' expectations of $328.70 million.

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."

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