Starz Entertainment (NASDAQ:STRZ) Shares Down 3.9% - Here's What Happened

Starz Entertainment (NASDAQ:STRZ - Get Free Report)'s share price fell 3.9% during mid-day trading on Friday . The company traded as low as $15.35 and last traded at $15.37. 18,869 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 266,226 shares. The stock had previously closed at $16.00.

Analysts Set New Price Targets

A number of brokerages have issued reports on STRZ. TD Cowen raised shares of Starz Entertainment to a "hold" rating in a report on Tuesday, May 13th. Raymond James Financial reissued an "outperform" rating and set a $22.00 price objective (up from $19.00) on shares of Starz Entertainment in a research note on Friday, May 30th. Benchmark initiated coverage on shares of Starz Entertainment in a research note on Wednesday, July 9th. They set a "buy" rating and a $39.00 price objective for the company. Seaport Res Ptn raised shares of Starz Entertainment to a "strong-buy" rating in a research note on Sunday, May 18th. Finally, Wall Street Zen raised shares of Starz Entertainment to a "hold" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Starz Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Starz Entertainment Stock Performance

The company's fifty day simple moving average is $16.12.

Insider Transactions at Starz Entertainment

In other Starz Entertainment news, Director Mark H. Md Rachesky acquired 353,334 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was acquired at an average price of $14.15 per share, with a total value of $4,999,676.10. Following the transaction, the director directly owned 471,153 shares in the company, valued at approximately $6,666,814.95. This represents a 299.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joshua W. Sapan acquired 5,500 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average cost of $17.98 per share, with a total value of $98,890.00. Following the transaction, the director owned 5,500 shares in the company, valued at approximately $98,890. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 53.60% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Starz Entertainment stock. Congress Park Capital LLC bought a new position in Starz Entertainment (NASDAQ:STRZ - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,269 shares of the company's stock, valued at approximately $181,000.

About Starz Entertainment

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."

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