Starz Entertainment (NASDAQ:STRZ) Raised 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.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) was upgraded by analysts at Zacks Research to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. Robert W. Baird started coverage on shares of Starz Entertainment in a report on Friday, September 5th. They issued a "neutral" rating and a $13.00 price target on the stock. Morgan Stanley reduced their target price on Starz Entertainment from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Starz Entertainment in a research report on Friday, September 5th. Wall Street Zen upgraded Starz Entertainment from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Raymond James Financial reiterated 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $22.00.

Starz Entertainment Stock Down 2.1%

Shares of NASDAQ STRZ opened at $13.98 on Wednesday. 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 of $14.29.

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

Insiders Place Their Bets

In other Starz Entertainment news, Director Harry Sloan purchased 8,100 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were purchased at an average cost of $12.98 per share, with a total value of $105,138.00. Following the purchase, the director owned 42,260 shares in the company, valued at approximately $548,534.80. This represents a 23.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought 15,796 shares of company stock worth $201,896 in the last quarter. Corporate insiders own 53.60% of the company's stock.

Institutional Investors Weigh In On Starz Entertainment

Several hedge funds have recently modified their holdings of STRZ. Russell Investments Group Ltd. purchased a new stake in Starz Entertainment in the second quarter valued at approximately $28,000. CWM LLC acquired a new position in shares of Starz Entertainment in the 2nd quarter valued at $33,000. Legal & General Group Plc purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at $41,000. New York State Common Retirement Fund acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth $48,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth $49,000.

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."

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