Starz Entertainment (NASDAQ:STRZ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Starz Entertainment (NASDAQ:STRZ) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

STRZ has been the topic of a number of other research reports. Raymond James Financial upgraded shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Friday. Citigroup initiated coverage on shares of Starz Entertainment in a research report on Monday, September 14th. They set an “outperform” rating for the company. Morgan Stanley set a $30.00 price target on Starz Entertainment in a report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research report on Tuesday, October 27th. Finally, Citizens Jmp began coverage on Starz Entertainment in a research note on Monday, September 14th. They set a “market outperform” rating and a $40.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Starz Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.71.

Starz Entertainment Stock Performance

NASDAQ STRZ opened at $22.09 on Friday. Starz Entertainment has a one year low of $8.40 and a one year high of $32.58. The company’s 50 day moving average price is $24.61 and its 200 day moving average price is $20.60. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.25 and a current ratio of 0.25.

Starz Entertainment (NASDAQ:STRZ) last released its quarterly earnings data 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). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. The business had revenue of $322.40 million for the quarter. As a group, equities research analysts forecast that Starz Entertainment will post -6.12 earnings per share for the current fiscal year.

Insider Transactions at Starz Entertainment

In other news, major shareholder Allen Family Capital, Llc sold 363,786 shares of Starz Entertainment stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $21.06, for a total transaction of $7,661,333.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 1,803,786 shares of company stock valued at $44,912,698 over the last three months. 22.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Starz Entertainment during the second quarter worth about $35,599,000. Renaissance Technologies LLC acquired a new position in shares of Starz Entertainment in the first quarter worth about $577,000. NewEdge Wealth LLC purchased a new position in Starz Entertainment in the second quarter valued at about $13,911,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Starz Entertainment in the second quarter valued at about $1,411,000. Finally, Bank of New York Mellon Corp purchased a new position in Starz Entertainment in the second quarter valued at about $9,018,000.

Key Headlines Impacting Starz Entertainment

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 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.