Starz Entertainment (NASDAQ:STRZ) Stock: Insider Allen Family Capital, Llc Sells 124,069 Shares

Starz Entertainment Corp. (NASDAQ:STRZ) major shareholder Allen Family Capital, Llc sold 124,069 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $21.58, for a total transaction of $2,677,409.02. Following the completion of the sale, the insider directly owned 363,786 shares of the company’s stock, valued at $7,850,501.88. This represents a 25.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more 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 stock was sold at an average price of $21.06, for a total value of $7,661,333.16.
• 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 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 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 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 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 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 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.
• On Friday, August 21st, Allen Family Capital, Llc sold 156,705 shares of Starz Entertainment stock. The stock was sold at an average price of $26.56, for a total value of $4,162,084.80.

Starz Entertainment Price Performance

Shares of NASDAQ:STRZ traded down $0.05 during trading 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 capitalization of $377.41 million, a PE ratio of -0.91 and a beta of 2.55. Starz Entertainment Corp. has a 52 week low of $8.40 and a 52 week high of $32.58. The business’s 50-day moving average price is $24.72 and its 200 day moving average price is $20.55. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.33 and a quick ratio of 0.33.

Starz Entertainment (NASDAQ:STRZ) last posted its quarterly earnings results 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 during the quarter. Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. As a group, equities analysts predict that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citizens Jmp assumed coverage on shares of 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 target price on shares of Starz Entertainment in a report on Tuesday, August 18th. Weiss Ratings restated 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 shares of Starz Entertainment in a report on Monday, August 10th. Finally, Wall Street Zen raised shares of Starz Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.71.

Institutional Investors Weigh In On Starz Entertainment

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