Starz Entertainment (NASDAQ:STRZ) Stock: Insider Allen Family Capital, Llc Sells 184,650 Shares

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 184,650 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $27.48, for a total transaction of $5,074,182.00. Following the sale, the insider owned 1,487,529 shares of the company’s stock, valued at approximately $40,877,296.92. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Allen Family Capital, Llc also recently made the following trade(s):

  • On Tuesday, September 29th, Allen Family Capital, Llc sold 363,786 shares of Starz Entertainment stock. The stock was sold at an average price of $21.06, for a total value of $7,661,333.16.
  • On Monday, September 28th, Allen Family Capital, Llc sold 124,069 shares of Starz Entertainment stock. The stock was sold at an average price of $21.58, for a total value of $2,677,409.02.
  • On Tuesday, September 22nd, Allen Family Capital, Llc sold 115,931 shares of Starz Entertainment stock. The stock was sold at an average price of $25.80, for a total transaction of $2,991,019.80.
  • On Monday, September 21st, Allen Family Capital, Llc sold 249,255 shares of Starz Entertainment stock. The stock was sold at an average price of $25.96, for a total value of $6,470,659.80.
  • On Friday, September 18th, Allen Family Capital, Llc sold 745 shares of Starz Entertainment stock. The shares were sold at an average price of $25.02, for a total value of $18,639.90.
  • On Thursday, September 17th, Allen Family Capital, Llc sold 93,834 shares of Starz Entertainment stock. The stock was sold at an average price of $25.14, for a total value of $2,358,986.76.
  • On Wednesday, September 16th, Allen Family Capital, Llc sold 17,700 shares of Starz Entertainment stock. The stock was sold at an average price of $27.48, for a total transaction of $486,396.00.
  • On Tuesday, September 15th, Allen Family Capital, Llc sold 38,466 shares of Starz Entertainment stock. The stock was sold at an average price of $27.33, for a total transaction of $1,051,275.78.
  • On Tuesday, September 1st, Allen Family Capital, Llc sold 140,712 shares of Starz Entertainment stock. The shares were sold at an average price of $26.25, for a total transaction of $3,693,690.00.
  • On Monday, August 31st, Allen Family Capital, Llc sold 59,288 shares of Starz Entertainment stock. The stock was sold at an average price of $26.31, for a total value of $1,559,867.28.

Starz Entertainment Stock Down 0.2%

STRZ traded down $0.05 during trading on Monday, reaching $22.04. 41,462 shares of the stock traded hands, compared to its average volume of 199,660. The stock has a market cap of $377.41 million, a price-to-earnings ratio of -0.91 and a beta of 2.55. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.33 and a quick ratio of 0.33. Starz Entertainment Corp. has a fifty-two week low of $8.40 and a fifty-two week high of $32.58. The stock’s 50-day simple moving average is $24.72 and its two-hundred day simple moving average is $20.55.

Starz Entertainment (NASDAQ:STRZ – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported ($2.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.63) by ($0.39). Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. The business had revenue of $322.40 million during the quarter. As a group, equities research analysts expect that Starz Entertainment Corp. will post -6.12 EPS for the current year.

Institutional Trading of Starz Entertainment

Large investors have recently modified their holdings of the business. Legal & General Group Plc bought a new position in shares of Starz Entertainment in the 2nd quarter worth about $34,000. State of Wyoming bought a new position in Starz Entertainment during the third quarter valued at $184,000. Sei Investments Co. purchased a new stake in shares of Starz Entertainment in the first quarter valued at approximately $190,000. Persistent Asset Partners Ltd purchased a new position in shares of Starz Entertainment in the 2nd quarter valued at $196,000. Finally, Deutsche Bank AG acquired a new position in shares of Starz Entertainment during the second quarter valued at about $342,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STRZ. Raymond James Financial raised shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research report on Friday. Citizens Jmp initiated coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued a “market outperform” rating and a $40.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 target price on shares of Starz Entertainment in a research report on Tuesday, August 18th. Citigroup assumed coverage on Starz Entertainment in a research note on Monday, September 14th. They set an “outperform” rating on the stock. Finally, Morgan Stanley set a $30.00 price target on shares of Starz Entertainment in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.71.

Read Our Latest Stock Report on STRZ

About Starz Entertainment

(Get Free Report)

Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.

The company’s programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.

Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.

Further Reading

Insider Buying and Selling by Quarter for Starz Entertainment (NASDAQ:STRZ)

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