Starz Entertainment Corp. (NASDAQ:STRZ) Receives Consensus Rating of “Hold” from Brokerages

Shares of Starz Entertainment Corp. (NASDAQ:STRZ) have earned an average rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $20.00.

Several equities research analysts have weighed in on STRZ shares. Wall Street Zen upgraded Starz Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Starz Entertainment to a “hold” rating in a report on Wednesday, September 17th. 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. Baird R W raised shares of Starz Entertainment to a “hold” rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th.

Insider Buying and Selling at Starz Entertainment

In other news, CEO Jeffrey Hirsch purchased 30,000 shares of Starz Entertainment stock in a transaction that occurred on Tuesday, November 18th. The shares were 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 directly owned 198,690 shares in the company, valued at approximately $2,227,314.90. This trade represents a 17.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 53.60% of the stock is owned by corporate insiders.

Institutional Trading of Starz Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alpine Global Management LLC purchased a new position in Starz Entertainment during the 3rd quarter valued at about $1,948,000. Advisory Services Network LLC bought a new position in shares of Starz Entertainment during the third quarter valued at approximately $36,000. Prelude Capital Management LLC purchased a new position in shares of Starz Entertainment during the third quarter valued at approximately $220,000. Bank of America Corp DE boosted its position in shares of Starz Entertainment by 151.0% in the 3rd quarter. Bank of America Corp DE now owns 80,868 shares of the company’s stock worth $1,191,000 after purchasing an additional 48,656 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in shares of Starz Entertainment by 547.1% in the 3rd quarter. Ancora Advisors LLC now owns 175,325 shares of the company’s stock worth $2,583,000 after buying an additional 148,230 shares during the last quarter.

Starz Entertainment Price Performance

Shares of STRZ opened at $12.12 on Friday. Starz Entertainment has a twelve month low of $8.00 and a twelve month high of $22.98. The firm has a fifty day simple moving average of $11.22 and a two-hundred day simple moving average of $13.80.

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

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.”