Insider Selling: Starz Entertainment (NASDAQ:STRZ) Major Shareholder Sells 59,288 Shares of Stock

Starz Entertainment Corp. (NASDAQ:STRZ) major shareholder Allen Family Capital, Llc sold 59,288 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $26.31, for a total value of $1,559,867.28. Following the transaction, the insider owned 1,144,498 shares in the company, valued at $30,111,742.38. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 shares were 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 transaction 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 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 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 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 Price Performance

Starz Entertainment stock traded down $0.76 during mid-day trading on Thursday, hitting $21.74. 493,168 shares of the company were exchanged, compared to its average volume of 195,830. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.25 and a quick ratio of 0.25. Starz Entertainment Corp. has a 12-month low of $8.40 and a 12-month high of $32.58. The business’s 50 day simple moving average is $24.91 and its two-hundred day simple moving average is $20.44. The company has a market capitalization of $372.19 million, a P/E ratio of -0.85 and a beta of 2.55.

Starz Entertainment (NASDAQ:STRZ) last posted its quarterly earnings data on Friday, August 7th. The company reported ($11.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($10.68). The company had revenue of $307.90 million for the quarter. Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. Analysts forecast that Starz Entertainment Corp. will post -6.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Starz Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of STRZ. Legal & General Group Plc purchased a new stake in shares of Starz Entertainment during the 2nd quarter worth about $34,000. Gamco Investors INC. ET AL raised its holdings in Starz Entertainment by 4.3% in the first quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock valued at $833,000 after buying an additional 3,000 shares during the period. Hsbc Holdings PLC lifted its position in Starz Entertainment by 11.6% during the first quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock valued at $469,000 after buying an additional 4,243 shares in the last quarter. Persistent Asset Partners Ltd acquired a new position in Starz Entertainment during the second quarter valued at approximately $196,000. Finally, State of Wyoming purchased a new stake in Starz Entertainment during the third quarter worth approximately $184,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Tuesday. Citigroup started coverage on Starz Entertainment in a report on Monday, September 14th. They issued an “outperform” rating for the company. Citizens Jmp assumed coverage on shares of Starz Entertainment in a research note on Monday, September 14th. They set a “market outperform” rating and a $40.00 price objective for the company. Wall Street Zen downgraded shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $30.00 price objective on shares of Starz Entertainment in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.71.

Starz Entertainment Company Profile

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.