Starz Entertainment (NASDAQ:STRZ) Stock Rating Lowered by Wall Street Zen

Starz Entertainment (NASDAQ:STRZ) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Several other research analysts have also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, November 14th. JPMorgan Chase & Co. cut their target price on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Zacks Research raised Starz Entertainment to a “hold” rating in a research note on Wednesday, September 17th. Baird R W upgraded Starz Entertainment to a “hold” rating in a research report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Starz Entertainment in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Starz Entertainment currently has an average rating of “Hold” and an average price target of $20.00.

Starz Entertainment Price Performance

NASDAQ:STRZ opened at $10.95 on Friday. Starz Entertainment has a 1 year low of $8.00 and a 1 year high of $22.98. The business has a fifty day moving average of $11.06 and a 200-day moving average of $13.50.

Starz Entertainment (NASDAQ:STRZ) last issued its quarterly earnings data on Thursday, February 3rd. The company reported $0.21 earnings per share for the quarter. The company had revenue of $836.40 million for the quarter.

Insider Transactions at Starz Entertainment

In other news, CEO Jeffrey Hirsch acquired 30,000 shares of Starz Entertainment stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $11.21 per share, with a total value of $336,300.00. Following the completion of the purchase, the chief executive officer owned 198,690 shares of the company’s stock, valued at $2,227,314.90. This represents a 17.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Starz Entertainment

A number of large investors have recently made changes to their positions in STRZ. BNP Paribas Financial Markets boosted its holdings in shares of Starz Entertainment by 101.8% during the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after purchasing an additional 1,274 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Starz Entertainment during the 2nd quarter valued at $28,000. CWM LLC acquired a new position in shares of Starz Entertainment in the second quarter worth $33,000. Advisory Services Network LLC acquired a new position in shares of Starz Entertainment in the third quarter worth $36,000. Finally, Legal & General Group Plc purchased a new stake in shares of Starz Entertainment during the second quarter worth $41,000.

Starz Entertainment Company Profile

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.