Starz Entertainment's (STRZ) Sell (E-) Rating Reiterated at Weiss Ratings

Key Points

• Starz Entertainment's stock has been restated with a "sell (e-)" rating by Weiss Ratings, amidst mixed ratings from various analyst firms, with the consensus rating currently at "Hold".
• The stock price of Starz Entertainment has decreased by 0.6%, currently trading at $11.87, significantly below its 12-month high of $22.98.
• Insider trading activity shows that Director Harry Sloan recently acquired 8,100 shares at an average price of $12.98, indicating confidence in the company's future.

Starz Entertainment (NASDAQ:STRZ - Get Free Report)'s stock had its "sell (e-)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

STRZ has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Starz Entertainment in a research note on Friday, September 5th. Zacks Research upgraded shares of Starz Entertainment to a "hold" rating in a research note on Wednesday, September 17th. Wall Street Zen raised shares of Starz Entertainment from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Baird R W raised shares of Starz Entertainment to a "hold" rating in a report on Friday, September 5th. Finally, Robert W. Baird began coverage on shares of Starz Entertainment in a report on Friday, September 5th. They set a "neutral" rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Starz Entertainment presently has a consensus rating of "Hold" and a consensus price target of $22.00.

Starz Entertainment Stock Down 0.6%

STRZ traded down $0.07 during trading on Tuesday, hitting $11.87. 37,942 shares of the stock traded hands, compared to its average volume of 189,987. The company has a 50-day moving average price of $13.68. Starz Entertainment has a 12-month low of $8.00 and a 12-month high of $22.98.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last announced its quarterly earnings results on Thursday, February 3rd. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $836.40 million for the quarter.

Insiders Place Their Bets

In other 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 transaction, the director directly owned 42,260 shares of the company's stock, valued at approximately $548,534.80. The trade was a 23.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 15,796 shares of company stock worth $201,896 in the last quarter.

Institutional Trading of Starz Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Congress Park Capital LLC purchased a new stake in shares of Starz Entertainment during the second quarter valued at about $181,000. CWM LLC acquired a new position in Starz Entertainment in the 2nd quarter worth approximately $33,000. Kornitzer Capital Management Inc. KS purchased a new position in Starz Entertainment in the 2nd quarter valued at $1,104,000. Nisa Investment Advisors LLC purchased a new position in Starz Entertainment in the 2nd quarter valued at $62,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Starz Entertainment in the 2nd quarter valued at $1,573,000.

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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