Starz Entertainment (NASDAQ:STRZ) Stock: Insider Allen Family Capital, Llc Sells 140,712 Shares

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 140,712 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $26.25, for a total transaction of $3,693,690.00. Following the completion of the transaction, the insider owned 1,003,786 shares of the company’s stock, valued at approximately $26,349,382.50. The trade was a 12.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% 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 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 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 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 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 transaction 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 value of $1,051,275.78.
  • 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.
  • 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

Shares of STRZ stock traded down $0.05 during trading on Monday, reaching $22.04. The company had a trading volume of 41,462 shares, compared to its average volume of 199,660. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s 50 day simple moving average is $24.72 and its two-hundred day simple moving average is $20.55. The company has a market capitalization of $377.41 million, a PE ratio of -0.91 and a beta of 2.55. Starz Entertainment Corp. has a one year low of $8.40 and a one year high of $32.58.

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). Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. The company had revenue of $322.40 million for the quarter. Sell-side analysts forecast that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Analysts Set New Price Targets

STRZ has been the topic of a number of recent analyst reports. Raymond James Financial raised shares of 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research note on Tuesday, October 27th. Citizens Jmp initiated coverage on Starz Entertainment in a report on Monday, September 14th. They set a “market outperform” rating and a $40.00 price target for the company. Wall Street Zen upgraded Starz Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley set a $30.00 price objective on shares of Starz Entertainment in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.71.

Get Our Latest Stock Report on STRZ

Institutional Investors Weigh In On Starz Entertainment

Several hedge funds have recently made changes to their positions in the company. Hollow Brook Wealth Management LLC acquired a new stake in shares of Starz Entertainment during the third quarter worth $360,000. State of Wyoming purchased a new stake in shares of Starz Entertainment in the third quarter valued at approximately $184,000. Ratan Capital Management LP acquired a new position in Starz Entertainment in the 2nd quarter valued at about $368,000. Coastal Bridge Advisors LLC purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at approximately $4,056,000. Finally, Jefferies Financial Group Inc. acquired a new position in Starz Entertainment in the second quarter valued at approximately $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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