JPMorgan Chase & Co. Cuts Starz Entertainment (NASDAQ:STRZ) Price Target to $13.00

Starz Entertainment (NASDAQ:STRZ) had its target price trimmed by JPMorgan Chase & Co. from $16.00 to $13.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

STRZ has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Starz Entertainment in a research report on Friday, September 5th. Baird R W raised Starz Entertainment to a “hold” rating in a report on Friday, September 5th. Wall Street Zen downgraded Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Zacks Research raised Starz Entertainment to a “hold” rating in a research report on Wednesday, September 17th. Finally, Robert W. Baird assumed coverage on Starz Entertainment in a report on Friday, September 5th. They issued a “neutral” rating and a $13.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.00.

Starz Entertainment Trading Down 4.6%

STRZ opened at $11.04 on Monday. Starz Entertainment has a 52 week low of $8.00 and a 52 week high of $22.98. The stock’s 50 day moving average price is $12.36.

Starz Entertainment (NASDAQ:STRZ) last announced its earnings results on Thursday, February 3rd. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $836.40 million for the quarter.

Insiders Place Their Bets

In other news, CEO Jeffrey Hirsch acquired 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $11.21 per share, with a total value of $336,300.00. Following the purchase, the chief executive officer directly owned 198,690 shares of the company’s stock, valued at approximately $2,227,314.90. This trade represents a 17.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 53.60% of the stock is owned by insiders.

Institutional Trading of Starz Entertainment

Several large investors have recently bought and sold shares of STRZ. BNP Paribas Financial Markets increased 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 acquiring an additional 1,274 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Starz Entertainment in the second quarter valued at approximately $28,000. CWM LLC acquired a new stake in shares of Starz Entertainment in the second quarter valued at approximately $33,000. Advisory Services Network LLC purchased a new position in shares of Starz Entertainment during the 3rd quarter worth approximately $36,000. Finally, Legal & General Group Plc acquired a new position in shares of Starz Entertainment during the 2nd quarter worth approximately $41,000.

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.”