Insider Selling: Starz Entertainment (NASDAQ:STRZ) Major Shareholder Sells 34,786 Shares of Stock

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 34,786 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $26.23, for a total value of $912,436.78. Following the sale, the insider directly owned 1,769,000 shares of the company’s stock, valued at $46,400,870. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% 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 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 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 value 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 value 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 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 value 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.

Starz Entertainment Stock Down 3.4%

Shares of STRZ traded down $0.76 during midday trading on Thursday, hitting $21.74. The company had a trading volume of 493,168 shares, compared to its average volume of 195,830. Starz Entertainment Corp. has a 1 year low of $8.40 and a 1 year high of $32.58. The firm 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 quick ratio of 0.25 and a current ratio of 0.25. The company’s 50-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 analysts’ consensus estimates 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 firm had revenue of $307.90 million during the quarter. As a group, sell-side analysts expect that Starz Entertainment Corp. will post -6.12 EPS for the current year.

Hedge Funds Weigh In On Starz Entertainment

A number of large investors have recently bought and sold shares of STRZ. Hollow Brook Wealth Management LLC purchased a new stake in shares of Starz Entertainment in the third quarter valued at about $360,000. State of Wyoming acquired a new stake in Starz Entertainment in the third quarter valued at about $184,000. Ratan Capital Management LP acquired a new stake in Starz Entertainment in the second quarter valued at about $368,000. Coastal Bridge Advisors LLC purchased a new stake in Starz Entertainment in the 2nd quarter valued at approximately $4,056,000. Finally, Jefferies Financial Group Inc. acquired a new position in Starz Entertainment during the 2nd quarter worth approximately $8,027,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STRZ. Wall Street Zen cut shares of Starz Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Citizens Jmp assumed coverage on shares of Starz Entertainment in a research report on Monday, September 14th. They issued a “market outperform” rating and a $40.00 price target for the company. Citigroup assumed coverage on Starz Entertainment in a report on Monday, September 14th. They issued an “outperform” rating for the company. Morgan Stanley set a $30.00 price target on Starz Entertainment in a research note on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.71.

Check Out Our Latest Analysis on Starz Entertainment

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.

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