Starz Entertainment (NASDAQ:STRZ) Stock: Insider Allen Family Capital, Llc Sells 38,466 Shares

Starz Entertainment Corp. (NASDAQ:STRZ) major shareholder Allen Family Capital, Llc sold 38,466 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $27.33, for a total value of $1,051,275.78. Following the sale, the insider directly owned 965,320 shares in the company, valued at $26,382,195.60. This trade represents a 3.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares 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 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 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 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 shares were 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 shares were sold at an average price of $27.48, for a total transaction of $486,396.00.
• 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 value 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 transaction 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 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. 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 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 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) last posted its earnings results on Thursday, October 29th. The company reported ($2.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.63) by ($0.39). The business 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, equities analysts anticipate that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Institutional Investors Weigh In On Starz Entertainment

A number of hedge funds have recently added to or reduced their stakes in STRZ. Legal & General Group Plc purchased a new position in Starz Entertainment in the second quarter worth $34,000. Gamco Investors INC. ET AL lifted its position in Starz Entertainment by 4.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 72,411 shares of the company’s stock worth $833,000 after buying an additional 3,000 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Starz Entertainment by 11.6% in the 1st quarter. Hsbc Holdings PLC now owns 40,747 shares of the company’s stock worth $469,000 after acquiring an additional 4,243 shares during the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of Starz Entertainment during the second quarter valued at about $196,000. Finally, State of Wyoming purchased a new stake in shares of Starz Entertainment in the 3rd quarter worth approximately $184,000.

Analyst Ratings Changes

Several research analysts have weighed in on STRZ shares. Wall Street Zen raised Starz Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $30.00 target price on shares of Starz Entertainment in a report on Tuesday, August 18th. Citizens Jmp initiated coverage on Starz Entertainment in a research note on Monday, September 14th. They issued a “market outperform” rating and a $40.00 price target on the stock. Citigroup started coverage on Starz Entertainment in a research report on Monday, September 14th. They set an “outperform” rating for the company. Finally, Raymond James Financial upgraded Starz Entertainment from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Starz Entertainment presently has an average rating of “Moderate Buy” and an average price target 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.