Insider Selling: Starz Entertainment (NASDAQ:STRZ) Major Shareholder Sells $362,709.45 in Stock

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 13,945 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $26.01, for a total transaction of $362,709.45. Following the completion of the transaction, the insider owned 1,403,786 shares in the company, valued at $36,512,473.86. This trade represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% 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 shares were 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 value 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 transaction 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 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 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 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 value of $1,559,867.28.

Starz Entertainment Stock Performance

Shares of Starz Entertainment stock traded down $0.76 on Thursday, hitting $21.74. 493,168 shares of the company’s stock were exchanged, compared to its average volume of 195,830. The company has a 50-day simple moving average of $24.91 and a 200-day simple moving average of $20.44. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.25 and a current ratio of 0.25. Starz Entertainment Corp. has a 1 year low of $8.40 and a 1 year high of $32.58. The stock has a market capitalization of $372.19 million, a PE ratio of -0.85 and a beta of 2.55.

Starz Entertainment (NASDAQ:STRZ – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported ($11.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($10.68). The firm had revenue of $307.90 million during the quarter. Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. As a group, equities analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current year.

Institutional Investors Weigh In On Starz Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hollow Brook Wealth Management LLC acquired a new stake in shares of Starz Entertainment in the third quarter valued at approximately $360,000. State of Wyoming acquired a new stake in Starz Entertainment during the 3rd quarter worth about $184,000. Ratan Capital Management LP acquired a new stake in shares of Starz Entertainment during the 2nd quarter valued at $368,000. Coastal Bridge Advisors LLC acquired a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $4,056,000. Finally, Jefferies Financial Group Inc. acquired a new position in Starz Entertainment during the second quarter valued at approximately $8,027,000.

Analyst Ratings Changes

STRZ has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research report on Tuesday. 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 objective on shares of Starz Entertainment in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $30.00 target price on shares of Starz Entertainment in a report on Tuesday, August 18th. Finally, Citizens Jmp initiated coverage on shares of Starz Entertainment in a report on Monday, September 14th. They set a “market outperform” rating and a $40.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.71.

Check Out Our Latest Report on Starz Entertainment

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.

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