Starz Entertainment (NASDAQ:STRZ) Major Shareholder Allen Family Capital, Llc Sells 12,635 Shares of Stock

Key Points

• Allen Family Capital sold 12,635 Starz shares at an average price of $24.29, generating $306,904.15. The shareholder retained 1,739,338 shares valued at approximately $42.25 million, while also reporting several larger sales recently.
• Starz shares fell 3.4% to $21.74, and the company reported a steep quarterly EPS loss of $11.27—far below the $0.59 loss analysts expected—on revenue of $307.9 million.
• Analyst sentiment remains mixed but averages to a “Moderate Buy” rating, with a consensus price target of $32.71; meanwhile, several institutional investors, including BlackRock and NewEdge Wealth, recently established positions.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) major shareholder Allen Family Capital, Llc sold 12,635 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $24.29, for a total transaction of $306,904.15. Following the completion of the transaction, the insider directly owned 1,739,338 shares in the company, valued at $42,248,520.02. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Large 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 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 stock was 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 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 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 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 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 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 value 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 value 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 transaction of $1,559,867.28.

Starz Entertainment Stock Down 3.4%

STRZ stock traded down $0.76 during trading on Thursday, reaching $21.74. The stock had a trading volume of 493,168 shares, compared to its average volume of 195,830. The firm has a fifty day moving average price of $24.91 and a 200 day moving average price of $20.44. 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 1-year low of $8.40 and a 1-year high of $32.58. The company has a market capitalization of $372.19 million, a P/E ratio of -0.85 and a beta of 2.55.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($11.27) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities analysts anticipate that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Institutional Trading of Starz Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Starz Entertainment in the second quarter valued at approximately $35,599,000. Renaissance Technologies LLC purchased a new stake in Starz Entertainment in the first quarter worth about $577,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Starz Entertainment in the 2nd quarter worth $1,411,000. NewEdge Wealth LLC bought a new stake in Starz Entertainment during the second quarter valued at about $13,911,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Starz Entertainment in the second quarter worth about $9,018,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citizens Jmp began coverage on shares of Starz Entertainment in a research note on Monday, September 14th. They issued a "market outperform" rating and a $40.00 target price on the stock. Morgan Stanley set a $30.00 target price on Starz Entertainment in a research note on Monday, August 10th. Wall Street Zen lowered Starz Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Weiss Ratings restated a "sell (d-)" rating on shares of Starz Entertainment in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $30.00 price objective on shares of Starz Entertainment in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $32.71.

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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