Starz Entertainment (NASDAQ:STRZ) Major Shareholder Allen Family Capital, Llc Sells 249,255 Shares of Company Stock

Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 249,255 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $25.96, for a total value of $6,470,659.80. Following the sale, the insider directly owned 603,786 shares of the company’s stock, valued at $15,674,284.56. The trade was a 29.22% 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 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 transaction of $2,991,019.80.
  • On Friday, September 18th, Allen Family Capital, Llc sold 745 shares of Starz Entertainment stock. The shares were 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 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 value 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 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.
  • 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 transaction of $4,162,084.80.

Starz Entertainment Stock Performance

Shares of Starz Entertainment stock traded down $0.05 on Monday, reaching $22.04. The stock had a trading volume of 41,462 shares, compared to its average volume of 199,660. The stock has a market cap of $377.41 million, a P/E ratio of -0.91 and a beta of 2.55. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.33 and a current ratio of 0.33. The business’s 50-day moving average price is $24.72 and its two-hundred day moving average price is $20.55. Starz Entertainment Corp. has a fifty-two week low of $8.40 and a fifty-two week high of $32.58.

Starz Entertainment (NASDAQ:STRZ – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported ($2.02) EPS for the quarter, missing the consensus estimate of ($1.63) by ($0.39). The firm had revenue of $322.40 million during the quarter. Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. On average, sell-side analysts forecast that Starz Entertainment Corp. will post -6.12 EPS for the current year.

Institutional Trading of Starz Entertainment

A number of institutional investors have recently added to or reduced their stakes in STRZ. BlackRock Inc. purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at $35,599,000. NewEdge Wealth LLC bought a new stake in Starz Entertainment during the second quarter valued at about $13,911,000. Ancora Advisors LLC bought a new position in Starz Entertainment in the 2nd quarter worth approximately $11,826,000. Bank of New York Mellon Corp bought a new position in shares of Starz Entertainment in the 2nd quarter valued at about $9,018,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Starz Entertainment in the second quarter worth about $8,027,000.

Wall Street Analysts Forecast Growth

STRZ has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued an “outperform” rating for the company. Citizens Jmp assumed coverage on Starz Entertainment in a research report on Monday, September 14th. They set a “market outperform” rating and a $40.00 price objective for the company. Morgan Stanley set a $30.00 price target on Starz Entertainment in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $30.00 price target on shares of Starz Entertainment in a report on Tuesday, August 18th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Starz Entertainment in a report on Tuesday, October 27th. Two investment 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 given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.71.

Read Our Latest Stock Analysis on STRZ

Starz Entertainment Company Profile

(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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