Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) has been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $33.71.
A number of research firms have commented on STRZ. Raymond James Financial upgraded Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research report on Friday. Morgan Stanley set a $30.00 price objective on Starz Entertainment in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research note on Tuesday, October 27th. Wall Street Zen upgraded Starz Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Citizens Jmp started coverage on Starz Entertainment in a report on Monday, September 14th. They issued a “market outperform” rating and a $40.00 target price on the stock.
Read Our Latest Report on Starz Entertainment
Insider Transactions at Starz Entertainment
In other news, major shareholder Allen Family Capital, Llc sold 363,786 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $21.06, for a total value of $7,661,333.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 1,803,786 shares of company stock worth $44,912,698. 22.62% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Starz Entertainment
Several large investors have recently modified their holdings of STRZ. BlackRock Inc. acquired a new position in shares of Starz Entertainment in the 2nd quarter valued at about $35,599,000. NewEdge Wealth LLC acquired a new stake in Starz Entertainment during the second quarter worth approximately $13,911,000. Ancora Advisors LLC acquired a new stake in Starz Entertainment during the second quarter worth approximately $11,826,000. Bank of New York Mellon Corp acquired a new stake in Starz Entertainment during the second quarter worth approximately $9,018,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Starz Entertainment during the second quarter worth approximately $8,027,000.
Starz Entertainment News Roundup
Here are the key news stories impacting Starz Entertainment this week:
- Positive Sentiment: Raymond James Financial upgraded Starz Entertainment, indicating a more favorable view of the company’s shares and potentially providing support for the stock. The report did not specify the new rating or price target. Starz Entertainment Upgraded at Raymond James Financial
- Neutral Sentiment: The reported insider transactions appear to involve a major shareholder rather than routine executive purchases or sales. Investors may view the activity differently depending on whether the sales reflect portfolio rebalancing, liquidity needs, or reduced confidence in STRZ.
- Negative Sentiment: Major shareholders reported eight stock sales totaling approximately $6.90 million. The transactions included sales of $486,396, $912,437, $1.16 million, $1.56 million, $1.69 million, $429,591, $362,709, and $306,904. Concentrated selling can increase perceived supply and raise concerns about insider confidence. Starz Entertainment Major Shareholder Sells $486,396 in Stock Major Shareholder Sells $912,436.78 in Stock Major Shareholder Sells $1,156,842.40 in Stock Major Shareholder Sells $1,559,867.28 in Stock Major Shareholder Sells $1,689,720.44 in Stock Major Shareholder Sells $429,591.21 in Stock Major Shareholder Sells $362,709.45 in Stock Major Shareholder Sells $306,904.15 in Stock
Starz Entertainment Stock Performance
Shares of Starz Entertainment stock opened at $22.09 on Tuesday. Starz Entertainment has a twelve month low of $8.40 and a twelve month high of $32.58. The company’s fifty day moving average is $24.61 and its 200 day moving average is $20.60. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.25 and a quick ratio of 0.25.
Starz Entertainment (NASDAQ:STRZ – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported ($2.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.63) by ($0.39). The company had revenue of $322.40 million for the quarter. Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. On average, sell-side analysts predict that Starz Entertainment will post -6.12 earnings per share for the current fiscal year.
Starz Entertainment Company Profile
Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.
The company’s programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.
Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.
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