Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 156,705 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $26.56, for a total value of $4,162,084.80. Following the completion of the sale, the insider owned 1,203,786 shares of the company’s stock, valued at approximately $31,972,556.16. This represents a 11.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major 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 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 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 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 value 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 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 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 transaction of $1,559,867.28.
Starz Entertainment Price Performance
Shares of NASDAQ STRZ traded down $0.76 during trading on Thursday, reaching $21.74. The company had a trading volume of 493,168 shares, compared to its average volume of 195,830. The stock has a 50-day moving average price of $24.91 and a two-hundred day moving average price of $20.44. Starz Entertainment Corp. has a twelve month low of $8.40 and a twelve month high of $32.58. The stock has a market capitalization of $372.19 million, a PE ratio of -0.85 and a beta of 2.55. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.05.
Starz Entertainment (NASDAQ:STRZ – Get Free Report) last released 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 firm 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, sell-side analysts predict that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on STRZ. Morgan Stanley set a $30.00 price objective on Starz Entertainment in a report on Monday, August 10th. Wall Street Zen lowered shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Citizens Jmp initiated coverage on shares of Starz Entertainment in a research note on Monday, September 14th. They set a “market outperform” rating and a $40.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Starz Entertainment in a report on Tuesday, August 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Starz Entertainment in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.71.
Read Our Latest Analysis on Starz Entertainment
Institutional Trading of Starz Entertainment
Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in shares of Starz Entertainment during the 2nd quarter worth about $34,000. Persistent Asset Partners Ltd acquired a new stake in shares of Starz Entertainment during the 2nd quarter worth approximately $196,000. State of Wyoming acquired a new position in shares of Starz Entertainment in the 3rd quarter valued at $184,000. Deutsche Bank AG bought a new position in Starz Entertainment during the second quarter worth about $342,000. Finally, Ratan Capital Management LP bought a new position in shares of Starz Entertainment during the 2nd quarter worth approximately $368,000.
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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