Starz Entertainment (NASDAQ:STRZ) Stock: Insider Allen Family Capital, Llc Sells 59,288 Shares

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 59,288 shares of Starz Entertainment stock in a transaction 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 approximately $30,111,742.38. This represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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 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 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 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 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 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 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 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 value of $4,162,084.80.

Starz Entertainment Stock Down 0.2%

Shares of Starz Entertainment stock traded down $0.05 on Monday, hitting $22.04. 41,462 shares of the company traded hands, compared to its average volume of 199,660. 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 price of $24.72 and a 200 day moving average price 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 Corp. has a 12-month low of $8.40 and a 12-month high of $32.58.

Starz Entertainment (NASDAQ:STRZ – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported ($2.02) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter. Sell-side analysts predict that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Institutional Investors Weigh In On Starz Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Starz Entertainment in the 2nd quarter valued at about $35,599,000. NewEdge Wealth LLC purchased a new position in Starz Entertainment during the 2nd quarter valued at approximately $13,911,000. Ancora Advisors LLC bought a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $11,826,000. Bank of New York Mellon Corp purchased a new position in shares of Starz Entertainment during the 2nd quarter valued at approximately $9,018,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Starz Entertainment in the second quarter valued at approximately $8,027,000.

Wall Street Analyst Weigh In

STRZ has been the subject of several recent research reports. Morgan Stanley set a $30.00 price target on Starz Entertainment in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research note on Tuesday, October 27th. 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. Wall Street Zen raised shares of Starz Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Citigroup started coverage on shares of Starz Entertainment in a report on Monday, September 14th. They set an “outperform” rating for the company. Two research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starz Entertainment has a consensus rating of “Moderate Buy” and an average target price of $33.71.

Read Our Latest Stock Report on STRZ

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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