Starz Entertainment (NASDAQ:STRZ) Trading Down 3.9% - Here's Why

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

Wall Street Analyst Weigh In

Several research analysts have commented on STRZ shares. Seaport Res Ptn raised shares of Starz Entertainment to a "strong-buy" rating in a report on Sunday, May 18th. TD Cowen raised shares of Starz Entertainment to a "hold" rating in a research note on Tuesday, May 13th. Wall Street Zen raised shares of Starz Entertainment to a "hold" rating in a research note on Thursday, May 22nd. 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. Finally, Raymond James Financial reiterated an "outperform" rating and set a $22.00 price target (up previously from $19.00) on shares of Starz Entertainment in a research report on Friday, May 30th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.50.

Starz Entertainment Trading Up 0.7%

The business's 50-day moving average is $16.19.

Insiders Place Their Bets

In other Starz Entertainment news, Director Mark H. Md Rachesky purchased 353,334 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were acquired at an average cost of $14.15 per share, for a total transaction of $4,999,676.10. Following the completion of the transaction, the director owned 471,153 shares of the company's stock, valued at approximately $6,666,814.95. The trade was a 299.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Warner Bros. Discovery, Inc. sold 353,334 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $14.15, for a total transaction of $4,999,676.10. The disclosure for this sale can be found here. Insiders own 53.60% of the company's stock.

Institutional Trading of Starz Entertainment

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

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."