Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 67,159 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $25.16, for a total transaction of $1,689,720.44. Following the completion of the sale, the insider owned 1,672,179 shares in the company, valued at $42,072,023.64. This represents a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 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 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 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 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 stock was 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 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 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 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 value of $1,559,867.28.
Starz Entertainment Price Performance
Shares of NASDAQ:STRZ traded down $0.76 during midday trading on Thursday, reaching $21.74. The company’s stock had a trading volume of 493,168 shares, compared to its average volume of 195,830. Starz Entertainment Corp. has a fifty-two week low of $8.40 and a fifty-two week high of $32.58. The company has a market capitalization of $372.19 million, a P/E ratio of -0.85 and a beta of 2.55. 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 business’s fifty day simple moving average is $24.91 and its 200-day simple moving average is $20.44.
Starz Entertainment (NASDAQ:STRZ – Get Free Report) last issued its quarterly 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 company had revenue of $307.90 million for 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 research analysts expect that Starz Entertainment Corp. will post -6.12 EPS for the current fiscal year.
Analyst Ratings Changes
STRZ has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Starz Entertainment in a research report on Tuesday. Morgan Stanley set a $30.00 price objective on Starz Entertainment in a research report on Monday, August 10th. Wall Street Zen downgraded Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Citigroup started coverage on Starz Entertainment in a research note on Monday, September 14th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 price target on shares of Starz Entertainment in a report on Tuesday, August 18th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, Starz Entertainment has a consensus rating of “Moderate Buy” and an average price target of $32.71.
Get Our Latest Analysis on STRZ
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Starz Entertainment during the second quarter worth $35,599,000. NewEdge Wealth LLC acquired a new position in Starz Entertainment in the second quarter valued at about $13,911,000. Ancora Advisors LLC acquired a new position in Starz Entertainment in the second quarter valued at about $11,826,000. Bank of New York Mellon Corp bought a new position in Starz Entertainment during the second quarter worth about $9,018,000. Finally, Jefferies Financial Group Inc. bought a new position in Starz Entertainment during the second quarter worth about $8,027,000.
Starz Entertainment Company Profile
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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