Starz Entertainment (NASDAQ:STRZ) Stock: Insider Allen Family Capital, Llc Sells 115,931 Shares

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 115,931 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $25.80, for a total value of $2,991,019.80. Following the completion of the sale, the insider directly owned 487,855 shares of the company’s stock, valued at approximately $12,586,659. This trade represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% 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 shares were sold at an average price of $21.06, for a total transaction 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 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 stock was sold at an average price of $25.02, for a total transaction 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 shares were 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 stock was sold at an average price of $27.33, for a total value of $1,051,275.78.
  • On Tuesday, September 1st, Allen Family Capital, Llc sold 140,712 shares of Starz Entertainment stock. The stock was sold at an average price of $26.25, for a total value of $3,693,690.00.
  • On Monday, August 31st, Allen Family Capital, Llc sold 59,288 shares of Starz Entertainment stock. The shares were sold at an average price of $26.31, for a total transaction of $1,559,867.28.
  • On Friday, August 21st, Allen Family Capital, Llc sold 156,705 shares of Starz Entertainment stock. The stock was sold at an average price of $26.56, for a total transaction of $4,162,084.80.

Starz Entertainment Stock Performance

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

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

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STRZ. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $30.00 price target on shares of Starz Entertainment in a research report on Tuesday, August 18th. Raymond James Financial raised Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Friday. Citigroup started coverage on shares of Starz Entertainment in a research note on Monday, September 14th. They issued an “outperform” rating for the company. Morgan Stanley set a $30.00 price target on Starz Entertainment in a report on Monday, August 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a report on Tuesday, October 27th. 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.

Get Our Latest Stock Analysis on Starz Entertainment

Starz Entertainment Company Profile

(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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