Starz Entertainment (NASDAQ:STRZ) Upgraded at Baird R W

Key Points

• Starz Entertainment has been upgraded to a "hold" rating by Baird R W, while other analysts have varied opinions with ratings ranging from "buy" to "sell."
• The company reported quarterly earnings of ($2.54) per share, significantly missing analysts' estimates and generating revenue of $319.70 million.
• Insider transactions saw Director Harry Sloan acquiring 8,100 shares of the company, indicating insider confidence in the stock's potential.

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

Several other analysts have also recently weighed in on STRZ. Benchmark started coverage on Starz Entertainment in a report on Wednesday, July 9th. They set a "buy" rating and a $39.00 price target on the stock. Robert W. Baird began coverage on Starz Entertainment in a report on Friday. They issued a "neutral" rating and a $13.00 price objective for the company. Wall Street Zen raised Starz Entertainment from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Seaport Res Ptn upgraded Starz Entertainment to a "strong-buy" rating in a research report on Sunday, May 18th. Finally, Morgan Stanley lowered their price target on Starz Entertainment from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Starz Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Starz Entertainment Stock Performance

Shares of NASDAQ STRZ opened at $12.60 on Friday. Starz Entertainment has a 12-month low of $8.00 and a 12-month high of $22.98. The stock's 50-day moving average is $14.72.

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

Insider Transactions at Starz Entertainment

In other news, Director Harry Sloan acquired 8,100 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $12.98 per share, with a total value of $105,138.00. Following the completion of the purchase, the director owned 42,260 shares of the company's stock, valued at $548,534.80. This represents a 23.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders acquired 15,796 shares of company stock valued at $201,896. 53.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Starz Entertainment

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in shares of Starz Entertainment during the second quarter worth about $28,000. CWM LLC acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $33,000. Legal & General Group Plc acquired a new stake in Starz Entertainment during the second quarter worth about $41,000. New York State Common Retirement Fund acquired a new stake in shares of Starz Entertainment in the second quarter valued at approximately $48,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in shares of Starz Entertainment in the second quarter valued at approximately $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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