Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 93,834 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $25.14, for a total value of $2,358,986.76. Following the transaction, the insider directly owned 853,786 shares of the company’s stock, valued at $21,464,180.04. This trade represents a 9.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares 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 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 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 shares were 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 shares were sold at an average price of $25.02, for a total value of $18,639.90.
- 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 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 transaction of $1,559,867.28.
- On Friday, August 21st, Allen Family Capital, Llc sold 156,705 shares of Starz Entertainment stock. The shares were sold at an average price of $26.56, for a total transaction of $4,162,084.80.
Starz Entertainment Stock Performance
NASDAQ STRZ traded down $0.76 on Thursday, reaching $21.74. The stock had a trading volume of 493,168 shares, 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. The firm has a fifty day moving average of $24.91 and a two-hundred day moving average of $20.44. Starz Entertainment Corp. has a 1-year low of $8.40 and a 1-year high of $32.58. The company has a market cap of $372.19 million, a P/E ratio of -0.85 and a beta of 2.55.
Starz Entertainment (NASDAQ:STRZ – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported ($11.27) earnings per share for the quarter, missing the consensus estimate of ($0.59) by ($10.68). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. The business had revenue of $307.90 million during the quarter. On average, equities research analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current year.
Hedge Funds Weigh In On Starz Entertainment
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Starz Entertainment in the second quarter valued at $35,599,000. NewEdge Wealth LLC bought a new stake in Starz Entertainment in the second quarter valued at $13,911,000. Ancora Advisors LLC acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $11,826,000. Bank of New York Mellon Corp bought a new stake in Starz Entertainment in the 2nd quarter valued at about $9,018,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Starz Entertainment in the 2nd quarter valued at $8,027,000.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Citigroup initiated coverage on shares of Starz Entertainment in a research report on Monday, September 14th. They set an “outperform” rating for the company. Wall Street Zen cut Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Citizens Jmp began coverage on shares of Starz Entertainment in a research note on Monday, September 14th. They issued a “market outperform” rating and a $40.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 price target on shares of Starz Entertainment in a research note on Tuesday, August 18th. Finally, Morgan Stanley set a $30.00 target price on Starz Entertainment in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Starz Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $32.71.
View Our Latest Report on STRZ
About Starz Entertainment
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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