Starz Entertainment Corp. (NASDAQ:STRZ – Get Free Report) major shareholder Allen Family Capital, Llc sold 17,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $27.48, for a total transaction of $486,396.00. Following the completion of the transaction, the insider directly owned 947,620 shares in the company, valued at $26,040,597.60. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 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 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 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 transaction 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 transaction of $2,358,986.76.
- 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 transaction of $3,693,690.00.
- On Monday, August 31st, Allen Family Capital, Llc sold 59,288 shares of Starz Entertainment stock. The stock was 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 shares were sold at an average price of $26.56, for a total transaction of $4,162,084.80.
Starz Entertainment Price Performance
Shares of NASDAQ STRZ traded down $0.05 during mid-day trading on Monday, reaching $22.04. The company had a trading volume of 41,462 shares, compared to its average volume of 199,660. Starz Entertainment Corp. has a 1-year low of $8.40 and a 1-year high of $32.58. 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 stock has a market cap of $377.41 million, a PE ratio of -0.91 and a beta of 2.55. The company has a 50-day moving average price of $24.72 and a two-hundred day moving average price of $20.55.
Starz Entertainment (NASDAQ:STRZ – Get Free Report) last released 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). Starz Entertainment had a negative net margin of 32.52% and a negative return on equity of 34.04%. The business had revenue of $322.40 million for the quarter. On average, equities analysts anticipate that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in STRZ. BlackRock Inc. purchased a new stake in Starz Entertainment in the second quarter worth approximately $35,599,000. NewEdge Wealth LLC bought a new stake in Starz Entertainment in the second quarter worth $13,911,000. Ancora Advisors LLC bought a new stake in shares of Starz Entertainment during the second quarter valued at approximately $11,826,000. Bank of New York Mellon Corp purchased a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $9,018,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Starz Entertainment during the second quarter valued at about $8,027,000.
Analyst Ratings Changes
Several brokerages have issued reports on STRZ. Raymond James Financial upgraded shares of Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Friday. Citigroup started coverage on shares of Starz Entertainment in a research report on Monday, September 14th. They set an “outperform” rating on the stock. Citizens Jmp initiated coverage on shares of Starz Entertainment in a report on Monday, September 14th. They set a “market outperform” rating and a $40.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $30.00 price target on shares of Starz Entertainment in a research report on Tuesday, August 18th. Finally, Wall Street Zen raised shares of Starz Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.71.
Check Out Our Latest Stock Analysis on STRZ
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.
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