Starz Entertainment (NASDAQ:STRZ) Stock Price Down 1.5% - Should You Sell?

Key Points

• Starz Entertainment's stock has declined by 1.5%, trading at $11.94 as of mid-day on Monday, down from a previous close of $12.12.
• Analysts have mixed opinions, with one rating the stock as a Strong Buy, while others have issued a range of Hold and Sell ratings, yielding an average price target of $22.00.
• Insider trading activity includes a notable purchase by Director Harry Sloan, who bought 8,100 shares at an average price of $12.98, indicating confidence in the company's future.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report)'s stock price traded down 1.5% during mid-day trading on Monday . The stock traded as low as $11.90 and last traded at $11.94. 58,523 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 101,993 shares. The stock had previously closed at $12.12.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Starz Entertainment in a research note on Friday, September 5th. Robert W. Baird began coverage on Starz Entertainment in a research note on Friday, September 5th. They set a "neutral" rating and a $13.00 target price on the stock. Weiss Ratings reiterated a "sell (e)" rating on shares of Starz Entertainment in a research note on Saturday, September 27th. Zacks Research upgraded Starz Entertainment to a "hold" rating in a research note on Wednesday, September 17th. Finally, Baird R W upgraded Starz Entertainment to a "hold" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $22.00.

Starz Entertainment Stock Down 1.5%

The business has a 50 day simple moving average of $13.68.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 3rd. The company reported $0.21 EPS for the quarter. The company had revenue of $836.40 million for the quarter.

Insider Buying and Selling

In related news, Director Harry Sloan acquired 8,100 shares of the stock in a transaction on Thursday, August 21st. The shares were purchased at an average price of $12.98 per share, for a total transaction of $105,138.00. Following the purchase, the director directly owned 42,260 shares in the company, valued at approximately $548,534.80. The trade was a 23.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders acquired 15,796 shares of company stock worth $201,896.

Institutional Investors Weigh In On Starz Entertainment

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at $28,000. CWM LLC acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at $33,000. Legal & General Group Plc acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at $41,000. New York State Common Retirement Fund acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at $48,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at $49,000.

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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