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

Starz Entertainment Corp. (NASDAQ:STRZ) shares dropped 10.9% on Friday after Wall Street Zen downgraded the stock from a hold rating to a sell rating. The stock traded as low as $9.61 and last traded at $9.61. Approximately 39,231 shares traded hands during trading, a decline of 77% from the average daily volume of 169,313 shares. The stock had previously closed at $10.79.

STRZ has been the subject of several other research reports. Baird R W raised shares of Starz Entertainment to a “hold” rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Starz Entertainment in a research report on Friday, September 5th. Zacks Research upgraded Starz Entertainment to a “hold” rating in a report on Wednesday, September 17th. Robert W. Baird assumed coverage on Starz Entertainment in a research note on Friday, September 5th. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, Weiss Ratings reaffirmed 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.75.

Insider Activity at Starz Entertainment

In other Starz Entertainment news, Director Harry Sloan purchased 8,100 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average price of $12.98 per share, with a total value of $105,138.00. Following the acquisition, the director owned 42,260 shares in the company, valued at approximately $548,534.80. The trade was a 23.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have bought 15,796 shares of company stock valued at $201,896. 53.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Starz Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRZ. Russell Investments Group Ltd. bought a new stake in shares of Starz Entertainment in the 2nd quarter valued at approximately $28,000. CWM LLC bought a new position in shares of Starz Entertainment during the 2nd quarter valued at approximately $33,000. BNP Paribas Financial Markets raised its holdings in Starz Entertainment by 101.8% during the 3rd 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 during the period. Legal & General Group Plc bought a new stake in Starz Entertainment in the second quarter worth $41,000. Finally, New York State Common Retirement Fund bought a new stake in Starz Entertainment in the second quarter worth $48,000.

Starz Entertainment Trading Down 6.3%

The stock has a 50 day simple moving average of $12.45.

Starz Entertainment (NASDAQ:STRZ) last announced its earnings results on Thursday, February 3rd. The company reported $0.21 earnings per share for the quarter. The firm 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.”