Starz Entertainment (NASDAQ:STRZ) Major Shareholder Allen Family Capital, Llc Sells 13,945 Shares of Stock

Key Points

• Allen Family Capital sold 13,945 Starz shares at an average price of $26.01, generating $362,709.45 and reducing its stake by 0.98% to 1.4 million shares.
• The shareholder has made several additional sales recently, including more than 363,000 shares on September 29, while Starz stock fell 3.4% to $21.74 in the reported session.
• Starz reported a significant quarterly loss of $11.27 per share versus the $0.59 consensus estimate. Despite weak profitability and high leverage, analysts’ consensus rating remains “Moderate Buy” with a $32.71 price target.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) major shareholder Allen Family Capital, Llc sold 13,945 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $26.01, for a total value of $362,709.45. Following the transaction, the insider directly owned 1,403,786 shares in the company, valued at $36,512,473.86. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock 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 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 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 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 value of $486,396.00.
• 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 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 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.

Starz Entertainment Trading Down 3.4%

Shares of NASDAQ:STRZ traded down $0.76 during midday trading on Thursday, reaching $21.74. The company's stock had a trading volume of 493,168 shares, compared to its average volume of 195,830. The business has a 50 day moving average price of $24.91 and a 200 day moving average price of $20.44. The company has a quick ratio of 0.25, a current 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 firm has a market cap of $372.19 million, a price-to-earnings ratio of -0.85 and a beta of 2.55.

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

Hedge Funds Weigh In On Starz Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRZ. Hollow Brook Wealth Management LLC acquired a new stake in Starz Entertainment during the 3rd quarter worth $360,000. State of Wyoming bought a new stake in shares of Starz Entertainment in the third quarter worth $184,000. Ratan Capital Management LP acquired a new stake in Starz Entertainment in the 2nd quarter valued at about $368,000. Coastal Bridge Advisors LLC bought a new stake in Starz Entertainment in the 2nd quarter valued at $4,056,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Starz Entertainment in the second quarter worth $8,027,000.

Wall Street Analyst Weigh In

STRZ has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Starz Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Morgan Stanley set a $30.00 price target on Starz Entertainment in a research report on Monday, August 10th. Citizens Jmp began coverage on Starz Entertainment in a report on Monday, September 14th. They set a "market outperform" rating and a $40.00 price target 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. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Starz Entertainment in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Starz Entertainment presently has an average rating of "Moderate Buy" and a consensus price target of $32.71.

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.

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