Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 93,834 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $25.14, for a total transaction of $2,358,986.76. Following the sale, the insider owned 853,786 shares in the company, valued at $21,464,180.04. This represents a 9.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 transaction 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 value 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 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 transaction of $18,639.90.
- 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 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 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 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 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%
NASDAQ STRZ traded down $0.05 during trading hours on Monday, hitting $22.04. The company’s stock had a trading volume of 41,462 shares, compared to its average volume of 199,660. The company has a market capitalization of $377.41 million, a PE ratio of -0.91 and a beta of 2.55. The company’s 50-day simple moving average is $24.72 and its two-hundred day simple moving average is $20.55. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.59.
Starz Entertainment (NASDAQ:STRZ – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($2.02) EPS 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 business had revenue of $322.40 million for the quarter. Research analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current fiscal year.
Hedge Funds Weigh In On Starz Entertainment
A number of hedge funds and other institutional investors have recently made changes to their positions in STRZ. BlackRock Inc. bought a new stake in shares of Starz Entertainment during the second quarter valued at about $35,599,000. NewEdge Wealth LLC bought a new position in shares of Starz Entertainment in the second quarter valued at approximately $13,911,000. Ancora Advisors LLC purchased a new stake in Starz Entertainment in the 2nd quarter worth approximately $11,826,000. Bank of New York Mellon Corp purchased a new position in shares of Starz Entertainment during the 2nd quarter valued at $9,018,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Starz Entertainment during the second quarter worth about $8,027,000.
Analyst Upgrades and Downgrades
STRZ has been the subject of a number of research analyst reports. Citigroup started coverage on Starz Entertainment in a research note on Monday, September 14th. They set an “outperform” rating for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research report on Tuesday, October 27th. Morgan Stanley set a $30.00 target price on shares of Starz Entertainment in a research note on Monday, August 10th. Citizens Jmp assumed coverage on shares of Starz Entertainment in a research report on Monday, September 14th. They set a “market outperform” rating and a $40.00 price target on the stock. Finally, Raymond James Financial raised Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.71.
View Our Latest Stock Analysis 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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