Starz Entertainment (NASDAQ:STRZ) Rating Increased to Hold at Zacks Research

Key Points

• Starz Entertainment has been upgraded to a "hold" rating by Zacks Research, reflecting a cautious optimism about its stock's performance.
• The company's stock is currently priced at $13.98, down 2.1%, with a 52-week high of $22.98 and low of $8.00, indicating significant volatility.
• Starz reported a loss of ($2.54) earnings per share last quarter, missing forecasts, and revenue was also below expectations at $319.70 million.

Zacks Research upgraded shares of Starz Entertainment (NASDAQ:STRZ - Free Report) to a hold rating in a research report report published on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports 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. Wall Street Zen upgraded Starz Entertainment from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Raymond James Financial reissued an "outperform" rating and set a $22.00 price objective (up previously from $19.00) on shares of Starz Entertainment in a research report on Friday, May 30th. Baird R W raised Starz Entertainment to a "hold" rating in a report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Starz Entertainment in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.00.

Starz Entertainment Stock Performance

NASDAQ:STRZ traded up $0.08 during trading hours on Wednesday, hitting $14.75. The company's stock had a trading volume of 4,031 shares, compared to its average volume of 208,254. Starz Entertainment has a 52-week low of $8.00 and a 52-week high of $22.98. The company has a 50-day moving average price of $14.20.

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

Insider Activity at Starz Entertainment

In other Starz Entertainment news, Director Harry Sloan acquired 8,100 shares of the business's stock in a transaction on Thursday, August 21st. The shares were acquired at an average price of $12.98 per share, for a total transaction of $105,138.00. Following the completion of the acquisition, the director owned 42,260 shares in the company, valued at $548,534.80. This trade represents a 23.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 15,796 shares of company stock worth $201,896 over the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STRZ. Liberty 77 Capital L.P. purchased a new position in Starz Entertainment during the second quarter valued at $28,987,000. Geode Capital Management LLC purchased a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $5,076,000. Jefferies Financial Group Inc. bought a new position in shares of Starz Entertainment during the 2nd quarter worth approximately $4,470,000. Marshall Wace LLP acquired a new position in Starz Entertainment during the 2nd quarter valued at approximately $2,212,000. Finally, Honeycomb Asset Management LP acquired a new stake in shares of Starz Entertainment in the second quarter worth $1,607,000.

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."