Insider Selling: Starz Entertainment (NASDAQ:STRZ) Major Shareholder Sells $1,689,720.44 in Stock

Key Points

• Allen Family Capital sold 67,159 Starz shares at an average price of $25.16, generating $1.69 million. The sale reduced its ownership by 3.86%, leaving the shareholder with 1.67 million shares valued at approximately $42.1 million.
• Starz shares traded at $21.74, down $0.76, with a 12-month range of $8.40 to $32.58. The company reported a quarterly loss of $11.27 per share, far below analysts’ expected loss of $0.59.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $32.71, although ratings range from “Strong Buy” to “Sell.”

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) major shareholder Allen Family Capital, Llc sold 67,159 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $25.16, for a total transaction of $1,689,720.44. Following the transaction, the insider directly owned 1,672,179 shares in the company, valued at $42,072,023.64. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $21.06, for a total value 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 value 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 value 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 shares were 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 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 stock was sold at an average price of $26.31, for a total transaction of $1,559,867.28.

Starz Entertainment Stock Performance

STRZ traded down $0.76 during trading on Thursday, hitting $21.74. The stock had a trading volume of 493,168 shares, compared to its average volume of 195,830. The firm has a market cap of $372.19 million, a PE ratio of -0.85 and a beta of 2.55. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.05. Starz Entertainment Corp. has a 12 month low of $8.40 and a 12 month high of $32.58. The company has a 50 day simple moving average of $24.91 and a 200-day simple moving average of $20.44.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported ($11.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.59) by ($10.68). The firm had revenue of $307.90 million for the quarter. Starz Entertainment had a negative net margin of 33.98% and a negative return on equity of 25.64%. Analysts expect that Starz Entertainment Corp. will post -6.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STRZ. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 target price on shares of Starz Entertainment in a report on Tuesday, August 18th. Citizens Jmp started coverage on Starz Entertainment in a research report on Monday, September 14th. They issued a "market outperform" rating and a $40.00 price objective for the company. Citigroup started coverage on shares of Starz Entertainment in a research note on Monday, September 14th. They issued an "outperform" rating on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Starz Entertainment in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Starz Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.71.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new stake in Starz Entertainment during the second quarter valued at approximately $34,000. Persistent Asset Partners Ltd acquired a new position in shares of Starz Entertainment in the 2nd quarter worth approximately $196,000. State of Wyoming bought a new position in shares of Starz Entertainment during the 3rd quarter worth approximately $184,000. Deutsche Bank AG bought a new position in shares of Starz Entertainment during the 2nd quarter worth approximately $342,000. Finally, Ratan Capital Management LP acquired a new stake in Starz Entertainment in the 2nd quarter valued at $368,000.

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.

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