Starz Entertainment (NASDAQ:STRZ) Shares Gap Down After Earnings Miss

Starz Entertainment Corp. (NASDAQ:STRZ)’s stock price gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $15.36, but opened at $14.36. Starz Entertainment shares last traded at $12.54, with a volume of 59,844 shares changing hands.

The company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.39) by ($1.15). The business had revenue of $319.70 million during the quarter, compared to the consensus estimate of $328.70 million.

Analyst Ratings Changes

A number of research analysts have weighed in on STRZ shares. TD Cowen raised shares of Starz Entertainment to a “hold” rating in a report on Tuesday, May 13th. Seaport Res Ptn upgraded Starz Entertainment to a “strong-buy” rating in a report on Sunday, May 18th. Benchmark started coverage on Starz Entertainment in a report on Wednesday, July 9th. They issued a “buy” rating and a $39.00 price objective on the stock. Wall Street Zen upgraded Starz Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Raymond James Financial restated an “outperform” rating and set a $22.00 target price (up from $19.00) on shares of Starz Entertainment in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Insider Transactions at Starz Entertainment

In related news, insider Warner Bros. Discovery, Inc. sold 353,334 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $14.15, for a total value of $4,999,676.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joshua W. Sapan acquired 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average price of $17.98 per share, for a total transaction of $98,890.00. Following the completion of the acquisition, the director directly owned 5,500 shares of the company’s stock, valued at $98,890. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 53.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in Starz Entertainment in the second quarter valued at approximately $28,000. CWM LLC acquired a new position in Starz Entertainment in the second quarter valued at approximately $33,000. Legal & General Group Plc acquired a new position in Starz Entertainment in the second quarter valued at approximately $41,000. New York State Common Retirement Fund acquired a new position in Starz Entertainment in the second quarter valued at approximately $48,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in Starz Entertainment in the second quarter valued at approximately $49,000.

Starz Entertainment Price Performance

The business’s fifty day moving average is $15.80.

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.”