Starz Entertainment (NASDAQ:STRZ) Stock: Insider Allen Family Capital, Llc Sells 34,786 Shares

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

Starz Entertainment Stock Performance

Starz Entertainment stock traded down $0.05 on Monday, reaching $22.04. 41,462 shares of the stock were exchanged, compared to its average volume of 199,660. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.59. The firm has a fifty day moving average price of $24.72 and a two-hundred day moving average price of $20.55. The stock has a market cap of $377.41 million, a PE ratio of -0.91 and a beta of 2.55. Starz Entertainment Corp. has a twelve month low of $8.40 and a twelve month high of $32.58.

Starz Entertainment (NASDAQ:STRZ) last released its quarterly earnings data on Thursday, October 29th. The company reported ($2.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.63) by ($0.39). The company had revenue of $322.40 million for the quarter. Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. Sell-side analysts anticipate that Starz Entertainment Corp. will post -6.12 EPS for the current year.

Hedge Funds Weigh In On Starz Entertainment

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citizens Jmp initiated coverage on Starz Entertainment in a report on Monday, September 14th. They issued a “market outperform” rating and a $40.00 target price on the stock. Weiss Ratings reissued 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 Starz Entertainment in a research report on Monday, August 10th. Citigroup started coverage on shares of Starz Entertainment in a research report on Monday, September 14th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 price objective on shares of Starz Entertainment in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.71.

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.