Starz Entertainment (NASDAQ:STRZ) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Starz Entertainment (NASDAQ:STRZ) from a hold rating to a sell rating in a research report report published on Sunday morning.

A number of other equities analysts also recently issued reports on the stock. Baird R W upgraded shares of Starz Entertainment to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings restated a “sell (e)” rating on shares of Starz Entertainment in a report on Monday, December 15th. Zacks Research raised Starz Entertainment to a “hold” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. cut their price target on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Starz Entertainment in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.00.

Starz Entertainment Stock Performance

Shares of Starz Entertainment stock opened at $11.42 on Friday. The stock’s fifty day moving average price is $11.08 and its 200-day moving average price is $13.54. Starz Entertainment has a 12 month low of $8.00 and a 12 month high of $22.98.

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

Insiders Place Their Bets

In other news, CEO Jeffrey Hirsch purchased 30,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of $11.21 per share, with a total value of $336,300.00. Following the completion of the acquisition, the chief executive officer owned 198,690 shares of the company’s stock, valued at $2,227,314.90. This trade represents a 17.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of Starz Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in STRZ. BNP Paribas Financial Markets grew its stake in Starz Entertainment by 101.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after buying an additional 1,274 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Starz Entertainment in the second quarter valued at about $28,000. CWM LLC acquired a new stake in Starz Entertainment in the second quarter worth about $33,000. Advisory Services Network LLC acquired a new stake in Starz Entertainment in the third quarter worth about $36,000. Finally, Legal & General Group Plc purchased a new stake in shares of Starz Entertainment during the second quarter worth about $41,000.

About Starz Entertainment

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.