Starz Entertainment (NASDAQ:STRZ) Shares Up 8.3% – Should You Buy?

Starz Entertainment Corp. (NASDAQ:STRZ) traded up 8.3% on Tuesday . The stock traded as high as $11.30 and last traded at $11.25. 57,417 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 168,945 shares. The stock had previously closed at $10.39.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday. Zacks Research upgraded shares of Starz Entertainment to a “hold” rating in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Starz Entertainment in a report on Friday, September 5th. Morgan Stanley dropped their price objective on shares of Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Weiss Ratings restated a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Starz Entertainment currently has an average rating of “Hold” and an average target price of $20.00.

Starz Entertainment Trading Up 8.0%

The firm has a 50-day moving average price of $12.40.

Starz Entertainment (NASDAQ:STRZ) last issued its 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, Director Harry Sloan purchased 8,100 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was acquired at an average price of $12.98 per share, with a total value of $105,138.00. Following the purchase, the director directly owned 42,260 shares in the company, valued at approximately $548,534.80. This represents a 23.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in STRZ. Russell Investments Group Ltd. acquired a new stake in Starz Entertainment during the second quarter worth $28,000. CWM LLC purchased a new position in shares of Starz Entertainment during the 2nd quarter worth $33,000. BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 1,274 shares during the period. Legal & General Group Plc purchased a new stake in Starz Entertainment in the 2nd quarter valued at about $41,000. Finally, New York State Common Retirement Fund acquired a new position in Starz Entertainment in the second quarter valued at about $48,000.

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.”