Starz Entertainment (NASDAQ:STRZ) Stock Price Up 6.3% – Time to Buy?

Starz Entertainment Corp. (NASDAQ:STRZGet Free Report)’s share price was up 6.3% during mid-day trading on Monday . The stock traded as high as $28.68 and last traded at $29.20. Approximately 94,956 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 165,918 shares. The stock had previously closed at $27.46.

Analyst Ratings Changes

Several brokerages recently weighed in on STRZ. Wall Street Zen downgraded shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Robert W. Baird set a $30.00 target price on Starz Entertainment and gave the stock an “outperform” rating in a report on Monday, May 11th. Morgan Stanley set a $30.00 price target on Starz Entertainment in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $30.00 price objective on shares of Starz Entertainment in a research report on Tuesday, August 18th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $29.00 price objective on shares of Starz Entertainment in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.50.

View Our Latest Analysis on Starz Entertainment

Starz Entertainment Stock Performance

The firm has a market cap of $499.73 million, a P/E ratio of -1.15 and a beta of 2.46. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.25 and a current ratio of 0.25. The business’s 50-day simple moving average is $27.12 and its 200 day simple moving average is $20.39.

Starz Entertainment (NASDAQ:STRZGet Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported ($11.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($10.68). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%.The firm had revenue of $307.90 million during the quarter. As a group, equities analysts predict that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Jason Wyrick sold 2,803 shares of Starz Entertainment stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $25.47, for a total transaction of $71,392.41. Following the transaction, the executive vice president owned 27,241 shares in the company, valued at $693,828.27. This trade represents a 9.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Hirsch acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $24.80 per share, with a total value of $248,000.00. Following the transaction, the chief executive officer owned 65,000 shares in the company, valued at approximately $1,612,000. This trade represents a 18.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 22.62% of the company’s stock.

Institutional Trading of Starz Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment in the second quarter worth about $28,000. Legal & General Group Plc purchased a new stake in Starz Entertainment in the 2nd quarter worth approximately $34,000. Advisory Services Network LLC purchased a new stake in Starz Entertainment in the 3rd quarter worth approximately $36,000. BNP Paribas Financial Markets raised its stake in Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after acquiring an additional 1,274 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in Starz Entertainment during the second quarter valued at approximately $48,000.

Starz Entertainment Company Profile

(Get Free Report)

Starz Entertainment (NASDAQ: STRZ) is a global media and entertainment company that operates premium subscription video services across linear television and digital streaming platforms. The company’s core offering includes the STARZ and STARZ ENCORE linear networks in the United States, alongside its STARZPLAY streaming service, which is available in North America, parts of Europe, Latin America and select Asian markets. Through its multi-platform distribution strategy, Starz delivers a combination of original programming, feature films and licensed series to a broad subscriber base.

At the heart of Starz Entertainment’s business is its investment in original content production.

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