Starz Entertainment
STRZ on Nasdaq. Starz Entertainment sells streaming video subscriptions to viewers, cable, satellite and streaming distributors. Market value $394m.
Figures from the annual report for the year ended 31 March 2025.
The latest annual report is over 15 months old, so we don't rank it.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Media & telecom stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-16.02 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
Each dollar kept in the business earns -5 cents a year. Above 10 is good.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$23.18 a share, 176% above its 1-year low
Over the past year the price has ranged from $8.40 to $32.58.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $3.3bn | $3.6bn | $1.4bn | $1.4bn | $1.4bn |
| Operating margin | |||||
| Operating margin | 5.2% | 0.2% | -94.8% | -64.9% | -12.4% |
| Debt to equity | |||||
| Debt to equity | 0.96 | 0.87 | 1.32 | n/a | 0.91 |
| Shares outstanding | |||||
| Shares outstanding | 0.22bn | 0.22bn | 0.23bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Yes
- Debt0.91× equity
- Revenue growth, five yearsShrinking, 18.8% a year
- Buying back its own sharesYes, 92% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
| Quarter to | Amount |
|---|---|
| June 2024 | $348m |
| September 2024 | $347m |
| December 2024 | $971m |
| March 2025 | $331m |
| June 2025 | $320m |
| September 2025 | $321m |
| March 2026 | $307m |
| June 2026 | $308m |
| Quarter to | Amount |
|---|---|
| June 2024 | $4m |
| September 2024 | -$31m |
| December 2024 | -$22m |
| March 2025 | -$153m |
| June 2025 | -$43m |
| September 2025 | -$53m |
| March 2026 | -$165m |
| June 2026 | -$189m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 26 February 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 146 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $16m | 0.1% | Added |
| GAMCO InvestorsMario Gabelli | $1m | <0.1% | Cut |
| Boston PartnersBoston Partners team | $578,120 | <0.1% | Added |
Largest holders overall
- MHR Fund Management$83m
- CastleKnight Management LP$36mAdded
- BlackRock$36mAdded
- Vanguard Capital Management$16m
- Royce & Associates$16mAdded
- NewEdge Wealth$14mCut
- Shapiro Capital Management$14mCut
- Russell Investments Group$12m
- Ancora Advisors$12mCut
- Neuberger Berman Group$11mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
8 investors own more than 5%.
- MHR HOLDINGS LLCat least 24.1%(filed with 2 related holders)Since 27 January 2025
What they said
Item 4 is hereby amended to add the following: Item 6 to this Statement is hereby incorporated by reference.
Read the filing - MARK H. RACHESKY, M.D.at least 17.2%+2.2 pts(filed with 4 related holders)Since 2 June 2025
- MARK H. RACHESKY, M.D.15.1%−9.1 ptsSince 6 May 2025
- BMO BANK N.A.Passive investor10.8%Since 31 March 2026
- Allen Family Capital, LLCPassive investorat least 10.7%(filed with 1 related holder)Since 6 March 2026
What they said
General The Reporting Persons acquired the securities described in this Schedule 13D in connection with the Transaction, and they intend to review their investments in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake will be dependent upon the…
Read the filing - CastleKnight Master Fund LPPassive investorat least 6.7%(filed with 5 related holders)Since 10 April 2026
- BlackRock, Inc.Passive investor5.3%Since 31 March 2025
- Liberty Global Ltd.Passive investorat least 2.8%−2.0 pts(filed with 1 related holder)Since 6 May 2025
- The Vanguard GroupPassive investorSold down below 5%Since 30 June 2025
- Capital Research Global InvestorsPassive investorSold down below 5%Since 31 March 2026
- Bank of MontrealPassive investorSold down below 5%Since 30 April 2026
- Liberty 77 Capital L.P.Passive investorSold down below 5%Since 4 March 2026
- Warner Bros. Discovery, Inc.Sold down below 5%Since 2 June 2025
What they said
Item 4 is hereby amended by adding the following to the end thereof: On June 2, 2025, DLI entered into an agreement (the "Purchase Agreement") with MHR Capital Partners Master Account LP and MHR Capital Partners (100) LP (together, the "MHR Entities"), pursuant to which the MHR…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
MHR HOLDINGS LLC | at least 24.1% (filed with 2 related holders) | 27 January 2025 | What they saidItem 4 is hereby amended to add the following: Item 6 to this Statement is hereby incorporated by reference. Read the filing |
MARK H. RACHESKY, M.D. | at least 17.2%+2.2 pts (filed with 4 related holders) | 2 June 2025 | |
MARK H. RACHESKY, M.D. | 15.1%−9.1 pts | 6 May 2025 | |
BMO BANK N.A. Passive investor | 10.8% | 31 March 2026 | |
Allen Family Capital, LLC Passive investor | at least 10.7% (filed with 1 related holder) | 6 March 2026 | What they saidGeneral The Reporting Persons acquired the securities described in this Schedule 13D in connection with the Transaction, and they intend to review their investments in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake will be dependent upon the… Read the filing |
CastleKnight Master Fund LP Passive investor | at least 6.7% (filed with 5 related holders) | 10 April 2026 | |
BlackRock, Inc. Passive investor | 5.3% | 31 March 2025 | |
Liberty Global Ltd. Passive investor | at least 2.8%−2.0 pts (filed with 1 related holder) | 6 May 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 30 June 2025 | |
Capital Research Global Investors Passive investor | Sold down below 5% | 31 March 2026 | |
Bank of Montreal Passive investor | Sold down below 5% | 30 April 2026 | |
Liberty 77 Capital L.P. Passive investor | Sold down below 5% | 4 March 2026 | |
Warner Bros. Discovery, Inc. | Sold down below 5% | 2 June 2025 | What they saidItem 4 is hereby amended by adding the following to the end thereof: On June 2, 2025, DLI entered into an agreement (the "Purchase Agreement") with MHR Capital Partners Master Account LP and MHR Capital Partners (100) LP (together, the "MHR Entities"), pursuant to which the MHR… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 3 insiders bought $920,322 of shares on the open market. 3 sold $2m.
- Hoffman AlisonPresident of Starz NetworksSold
- Date
- 13 August 2026
- Shares
- 11,491
- Price
- $25.07
- Value
- $288,091
- Hoffman AlisonPresident of Starz NetworksSold
- Date
- 12 August 2026
- Shares
- 20,800
- Price
- $24.98
- Value
- $519,616
- Kapenstein James M.SEE REMARKSBought
- Date
- 10 August 2026
- Shares
- 1,000
- Price
- $25.73
- Value
- $25,730
- Hirsch JeffreyPresident and CEO, DirectorBought
- Date
- 10 August 2026
- Shares
- 10,000
- Price
- $24.80
- Value
- $248,000
- Wyrick JasonEVP, TechnologySold
- Date
- 2 June 2026
- Shares
- 2,803
- Price
- $25.47
- Value
- $71,392
- Hoffman AlisonPresident of Starz NetworksSold
- Date
- 14 May 2026
- Shares
- 13,661
- Price
- $21.42
- Value
- $292,675
- Hirsch JeffreyPresident and CEO, DirectorBought
- Date
- 12 May 2026
- Shares
- 10,000
- Price
- $20.72
- Value
- $207,200
- MACDONALD SCOTT DSEE REMARKSBought
- Date
- 12 May 2026
- Shares
- 5,000
- Price
- $20.59
- Value
- $102,950
- BURNS MICHAEL RAYMONDDirectorSold
- Date
- 10 December 2025
- Shares
- 64,166
- Price
- $11.39
- Value
- $731,117
- BURNS MICHAEL RAYMONDDirectorSold
- Date
- 9 December 2025
- Shares
- 30,000
- Price
- $10.68
- Value
- $320,400
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 August 2026 | Hoffman Alison President of Starz Networks | Sold | 11,491 | $25.07 | $288,091 |
| 12 August 2026 | Hoffman Alison President of Starz Networks | Sold | 20,800 | $24.98 | $519,616 |
| 10 August 2026 | Kapenstein James M. SEE REMARKS | Bought | 1,000 | $25.73 | $25,730 |
| 10 August 2026 | Hirsch Jeffrey President and CEO, Director | Bought | 10,000 | $24.80 | $248,000 |
| 2 June 2026 | Wyrick Jason EVP, Technology | Sold | 2,803 | $25.47 | $71,392 |
| 14 May 2026 | Hoffman Alison President of Starz Networks | Sold | 13,661 | $21.42 | $292,675 |
| 12 May 2026 | Hirsch Jeffrey President and CEO, Director | Bought | 10,000 | $20.72 | $207,200 |
| 12 May 2026 | MACDONALD SCOTT D SEE REMARKS | Bought | 5,000 | $20.59 | $102,950 |
| 10 December 2025 | BURNS MICHAEL RAYMOND Director | Sold | 64,166 | $11.39 | $731,117 |
| 9 December 2025 | BURNS MICHAEL RAYMOND Director | Sold | 30,000 | $10.68 | $320,400 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have shrunk: 18.8% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.