Starz Entertainment (NASDAQ:STRZ) Issues Quarterly Earnings Results, Misses Estimates By $1.15 EPS

Key Points

• Starz Entertainment reported a quarterly earnings per share (EPS) of ($2.54), significantly missing the consensus estimate of ($1.39) by ($1.15).
• Insider trading activity showed that Director Mark H. Md Rachesky acquired 353,334 shares at an average price of $14.15, increasing his position by 299.90%.
• Research analysts have mixed ratings on Starz Entertainment; while Morgan Stanley maintains a "reduce" rating, Raymond James Financial has raised its price target to $22.00 and assigned an "outperform" rating.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.39) by ($1.15), Zacks reports. The company had revenue of $319.70 million for the quarter, compared to analyst estimates of $328.70 million.

Starz Entertainment Price Performance

Shares of STRZ stock traded up $0.49 during trading hours on Tuesday, hitting $13.06. 289,333 shares of the company were exchanged, compared to its average volume of 161,890. Starz Entertainment has a 1 year low of $8.00 and a 1 year high of $22.98. The business's fifty day moving average price is $15.59.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of Starz Entertainment from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Friday. Raymond James Financial restated an "outperform" rating and issued a $22.00 target price (up from $19.00) on shares of Starz Entertainment in a report on Friday, May 30th. Seaport Res Ptn upgraded shares of Starz Entertainment to a "strong-buy" rating in a report on Sunday, May 18th. Benchmark began coverage on shares of Starz Entertainment in a report on Wednesday, July 9th. They issued a "buy" rating and a $39.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Starz Entertainment from a "sell" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Insider Buying and Selling

In other Starz Entertainment news, Director Joshua W. Sapan bought 5,500 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average price of $17.98 per share, with a total value of $98,890.00. Following the transaction, the director owned 5,500 shares in the company, valued at $98,890. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark H. Md Rachesky acquired 353,334 shares of the stock in a transaction on Monday, June 2nd. The stock was purchased at an average cost of $14.15 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here.

Institutional Trading of Starz Entertainment

A number of hedge funds have recently made changes to their positions in STRZ. Russell Investments Group Ltd. acquired a new stake in shares of Starz Entertainment during the second quarter worth approximately $28,000. Legal & General Group Plc bought a new position in Starz Entertainment during the second quarter worth $41,000. New York State Common Retirement Fund bought a new position in Starz Entertainment during the second quarter worth $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Starz Entertainment during the second quarter worth $113,000. Finally, Jane Street Group LLC bought a new position in Starz Entertainment during the second quarter worth $247,000.

Starz Entertainment Company Profile

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."