Starz Entertainment (NASDAQ:STRZ) Trading Down 10.9% After Analyst Downgrade

Starz Entertainment Corp. (NASDAQ:STRZ) traded down 10.9% during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $14.00 to $13.00. Morgan Stanley currently has an equal weight rating on the stock. Starz Entertainment traded as low as $9.61 and last traded at $9.61. 39,231 shares changed hands during trading, a decline of 77% from the average session volume of 169,313 shares. The stock had previously closed at $10.79.

A number of other analysts have also commented on STRZ. Wall Street Zen raised shares of Starz Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Starz Entertainment in a research note on Friday, September 5th. Robert W. Baird initiated coverage on Starz Entertainment in a research report on Friday, September 5th. They set a “neutral” rating and a $13.00 price objective for the company. Zacks Research raised Starz Entertainment to a “hold” rating in a research report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “sell (e)” rating on shares of Starz Entertainment in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Starz Entertainment currently has a consensus rating of “Hold” and a consensus target price of $21.75.

Insiders Place Their Bets

In other news, Director Harry Sloan acquired 8,100 shares of Starz Entertainment stock in a transaction on Thursday, August 21st. The stock was bought at an average price of $12.98 per share, for a total transaction of $105,138.00. Following the transaction, the director owned 42,260 shares of the company’s stock, valued at $548,534.80. The trade was a 23.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought 15,796 shares of company stock worth $201,896 over the last 90 days. 53.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Starz Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in Starz Entertainment during the 2nd quarter valued at $28,000. CWM LLC bought a new stake in shares of Starz Entertainment during the second quarter worth $33,000. BNP Paribas Financial Markets increased its stake in shares of Starz Entertainment by 101.8% in the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after buying an additional 1,274 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Starz Entertainment in the second quarter valued at about $41,000. Finally, New York State Common Retirement Fund bought a new position in shares of Starz Entertainment in the second quarter valued at about $48,000.

Starz Entertainment Stock Performance

The business has a 50-day moving average price of $12.50.

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

Starz Entertainment Company Profile

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.”