Starz Entertainment (NASDAQ:STRZ) Cut to Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Starz Entertainment (NASDAQ:STRZ – Free Report) from a hold rating to a sell rating in a report released on Sunday.

A number of other research firms have also recently commented on STRZ. Baird R W raised shares of Starz Entertainment to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Starz Entertainment in a research note on Friday, September 5th. Zacks Research upgraded Starz Entertainment to a “hold” rating in a report on Wednesday, September 17th. Finally, Morgan Stanley dropped their price objective on Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Starz Entertainment currently has a consensus rating of “Hold” and an average target price of $20.00.

Check Out Our Latest Stock Report on STRZ

Starz Entertainment Stock Up 5.1%

NASDAQ:STRZ opened at $11.51 on Friday. The business has a 50 day simple moving average of $11.05 and a 200-day simple moving average of $13.45. Starz Entertainment has a 1 year low of $8.00 and a 1 year high of $22.98.

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

Insiders Place Their Bets

In other news, CEO Jeffrey Hirsch bought 30,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of $11.21 per share, for a total transaction of $336,300.00. Following the acquisition, the chief executive officer owned 198,690 shares of the company’s stock, valued at $2,227,314.90. This represents a 17.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Starz Entertainment

Several institutional investors have recently made changes to their positions in STRZ. Alpine Global Management LLC bought a new stake in shares of Starz Entertainment in the third quarter valued at about $1,948,000. Advisory Services Network LLC purchased a new position in Starz Entertainment during the 3rd quarter valued at about $36,000. Prelude Capital Management LLC bought a new stake in shares of Starz Entertainment in the 3rd quarter valued at about $220,000. Bank of America Corp DE lifted its position in shares of Starz Entertainment by 151.0% in the 3rd quarter. Bank of America Corp DE now owns 80,868 shares of the company’s stock worth $1,191,000 after purchasing an additional 48,656 shares during the period. Finally, Ancora Advisors LLC lifted its position in shares of Starz Entertainment by 547.1% in the 3rd quarter. Ancora Advisors LLC now owns 175,325 shares of the company’s stock worth $2,583,000 after purchasing an additional 148,230 shares during the period.

About Starz Entertainment

(Get Free Report)

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.

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