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

Starz Entertainment (NASDAQ:STRZ) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms also recently issued reports on STRZ. Citigroup assumed coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued an “outperform” rating for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a report on Tuesday, October 27th. Citizens Jmp assumed coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued a “market outperform” rating and a $40.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $30.00 price target on shares of Starz Entertainment in a report on Tuesday, August 18th. Finally, Raymond James Financial raised shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Starz Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $33.71.

Starz Entertainment Stock Down 0.2%

Shares of STRZ traded down $0.05 during mid-day trading on Friday, hitting $22.04. 41,462 shares of the company’s stock were exchanged, compared to its average volume of 199,660. The firm has a fifty day moving average of $24.72 and a two-hundred day moving average of $20.55. Starz Entertainment has a twelve month low of $8.40 and a twelve month high of $32.58. The stock has a market cap of $377.40 million, a price-to-earnings ratio of -0.91 and a beta of 2.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.59.

Starz Entertainment (NASDAQ:STRZ) last announced its quarterly earnings results on Thursday, October 29th. The company reported ($2.02) EPS for the quarter, missing the consensus estimate of ($1.63) by ($0.39). The business had revenue of $322.40 million for the quarter. Starz Entertainment had a negative return on equity of 34.04% and a negative net margin of 32.52%. On average, sell-side analysts forecast that Starz Entertainment will post -6.12 earnings per share for the current year.

Insider Activity

In other Starz Entertainment news, major shareholder Allen Family Capital, Llc sold 363,786 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $21.06, for a total value of $7,661,333.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,803,786 shares of company stock worth $44,912,698. Company insiders own 22.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STRZ. BlackRock Inc. bought a new position in shares of Starz Entertainment in the 2nd quarter valued at about $35,599,000. NewEdge Wealth LLC acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth approximately $13,911,000. Ancora Advisors LLC acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth approximately $11,826,000. Bank of New York Mellon Corp acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth approximately $9,018,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Starz Entertainment in the 2nd quarter worth $8,027,000.

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.