Starz Entertainment (NASDAQ:STRZ) Trading Down 5.4% - Here's What Happened

Key Points

• Starz Entertainment's shares fell by 5.4% to a last trading price of $14.14, with trading volume significantly below average at approximately 75,068 shares.
• Analysts have varying opinions on the stock, with a consensus rating of "Moderate Buy" and an average target price of $22.00, despite recent earnings missing expectations.
• Recent insider activity shows a director purchasing 8,100 shares at $12.98 per share, indicating increased confidence in the company amidst fluctuating share prices.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) shares fell 5.4% during trading on Tuesday . The company traded as low as $13.81 and last traded at $14.14. 75,068 shares traded hands during trading, a decline of 64% from the average session volume of 211,449 shares. The stock had previously closed at $14.95.

Wall Street Analysts Forecast Growth

STRZ has been the topic of several recent analyst reports. Robert W. Baird started coverage on shares of Starz Entertainment in a research note on Friday, September 5th. They set a "neutral" rating and a $13.00 price objective on the stock. Morgan Stanley lowered their price target on Starz Entertainment from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Friday, August 15th. Zacks Research upgraded Starz Entertainment to a "hold" rating in a research note on Wednesday. Wall Street Zen upgraded Starz Entertainment from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Raymond James Financial reissued an "outperform" rating and set a $22.00 price target (up from $19.00) on shares of Starz Entertainment in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $22.00.

Starz Entertainment Trading Up 3.1%

The firm has a fifty day simple moving average of $14.24.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.39) by ($1.15). The business had revenue of $319.70 million during the quarter, compared to the consensus estimate of $328.70 million.

Insider Buying and Selling

In other Starz Entertainment news, Director Harry Sloan purchased 8,100 shares of the business's stock in a transaction on Thursday, August 21st. The stock was bought at an average cost of $12.98 per share, with a total value of $105,138.00. Following the acquisition, the director owned 42,260 shares of the company's stock, valued at $548,534.80. The trade was a 23.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought 15,796 shares of company stock valued at $201,896 in the last quarter. 53.60% of the stock is currently owned by insiders.

Institutional Trading of Starz Entertainment

A number of hedge funds have recently bought and sold shares of STRZ. Congress Park Capital LLC acquired a new position in Starz Entertainment in the 2nd quarter worth approximately $181,000. CWM LLC acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at $33,000. Kornitzer Capital Management Inc. KS acquired a new position in Starz Entertainment during the second quarter valued at approximately $1,104,000. Nisa Investment Advisors LLC acquired a new position in Starz Entertainment during the 2nd quarter worth $62,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Starz Entertainment during the 2nd quarter valued at approximately $1,573,000.

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."