Starz Entertainment (NASDAQ:STRZ) Major Shareholder Allen Family Capital, Llc Sells 17,027 Shares of Company Stock

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 17,027 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $25.23, for a total transaction of $429,591.21. Following the sale, the insider directly owned 1,751,973 shares of the company’s stock, valued at approximately $44,202,278.79. This represents a 0.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares 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 shares were 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 transaction 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 shares were 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 stock was 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 shares were sold at an average price of $25.14, for a total transaction 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 value of $486,396.00.
  • On Tuesday, September 15th, Allen Family Capital, Llc sold 38,466 shares of Starz Entertainment stock. The shares were 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 Price Performance

NASDAQ STRZ traded down $0.05 on Monday, hitting $22.04. 41,462 shares of the company’s stock were exchanged, compared to its average volume of 199,660. The stock has a 50-day moving average of $24.72 and a 200-day moving average of $20.55. 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 current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.59. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58.

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 analysts’ consensus estimates of ($1.63) by ($0.39). Starz Entertainment had a negative return on equity of 34.04% and a negative net margin of 32.52%. The company had revenue of $322.40 million for the quarter. Analysts expect that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on STRZ shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 price objective on shares of Starz Entertainment in a research report on Tuesday, August 18th. Raymond James Financial upgraded shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a report on Friday. Citigroup initiated coverage on Starz Entertainment in a research report on Monday, September 14th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a report on Tuesday, October 27th. Finally, Citizens Jmp started coverage on Starz Entertainment in a research note on Monday, September 14th. They issued a “market outperform” rating and a $40.00 target price on the stock. Two equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.71.

Check Out Our Latest Analysis on STRZ

Institutional Trading of Starz Entertainment

A number of hedge funds have recently made changes to their positions in STRZ. BlackRock Inc. bought a new position in Starz Entertainment during the 2nd quarter worth $35,599,000. NewEdge Wealth LLC bought a new position in shares of Starz Entertainment in the second quarter valued at $13,911,000. Ancora Advisors LLC purchased a new stake in shares of Starz Entertainment in the 2nd quarter valued at approximately $11,826,000. Bank of New York Mellon Corp acquired a new position in shares of Starz Entertainment in the 2nd quarter valued at about $9,018,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Starz Entertainment during the 2nd quarter valued at $8,027,000.

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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