Starz Entertainment (NASDAQ:STRZ) Issues Quarterly Earnings Results

Starz Entertainment (NASDAQ:STRZ) released its quarterly earnings results on Thursday. The company reported ($1.24) EPS for the quarter, FiscalAI reports. The firm had revenue of $322.80 million for the quarter.

Starz Entertainment Stock Performance

Shares of NASDAQ STRZ traded up $0.30 during trading hours on Thursday, reaching $9.58. The stock had a trading volume of 125,952 shares, compared to its average volume of 115,519. Starz Entertainment has a twelve month low of $8.00 and a twelve month high of $22.98. The business’s fifty day moving average is $10.39 and its two-hundred day moving average is $11.65.

Hedge Funds Weigh In On Starz Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC acquired a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $33,000. Nisa Investment Advisors LLC acquired a new stake in Starz Entertainment during the second quarter valued at approximately $62,000. Y Intercept Hong Kong Ltd acquired a new stake in Starz Entertainment during the second quarter valued at approximately $1,573,000. Wolverine Asset Management LLC bought a new stake in shares of Starz Entertainment in the 2nd quarter valued at approximately $308,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Starz Entertainment in the 2nd quarter worth approximately $806,000.

Analysts Set New Price Targets

Several research analysts recently commented on STRZ shares. Weiss Ratings reiterated a “sell (e)” rating on shares of Starz Entertainment in a report on Monday, December 29th. Wall Street Zen lowered Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Morgan Stanley decreased their target price on Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, November 14th. Finally, JPMorgan Chase & Co. dropped their price target on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.00.

Starz Entertainment Company Profile

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.