Starz Entertainment (NASDAQ:STRZ) Major Shareholder Allen Family Capital, Llc Sells 17,027 Shares of Stock

Key Points

• Allen Family Capital sold 17,027 Starz shares at an average price of $25.23, generating $429,591.21 and reducing its stake by 0.96% to 1.75 million shares. The firm has also made several larger sales recently.
• Starz shares fell 3.4% to $21.74, while the company reported a quarterly loss of $11.27 per share—far worse than the $0.59 consensus estimate—on revenue of $307.9 million.
• Analyst opinions remain mixed, but the stock carries a consensus “Moderate Buy” rating with an average price target of $32.71; recent coverage includes both sell and outperform ratings.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) major shareholder Allen Family Capital, Llc sold 17,027 shares of Starz Entertainment stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $25.23, for a total value of $429,591.21. Following the completion of the sale, the insider directly owned 1,751,973 shares of the company's stock, valued at approximately $44,202,278.79. This trade represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major 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 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 shares were 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 transaction 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 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 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 stock was 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 on Thursday, reaching $21.74. 493,168 shares of the company traded hands, compared to its average volume of 195,830. The company has a market cap of $372.19 million, a P/E ratio of -0.85 and a beta of 2.55. The firm has a fifty day simple moving average of $24.91 and a 200-day simple moving average of $20.44. Starz Entertainment Corp. has a one year low of $8.40 and a one year high of $32.58. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.25 and a quick ratio of 0.25.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last issued its 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 during the quarter. Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. Research analysts anticipate that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Starz Entertainment in a research report on Tuesday. Wall Street Zen downgraded 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 objective on Starz Entertainment in a research report on Monday, August 10th. Citizens Jmp began coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued a "market outperform" rating and a $40.00 target price for the company. Finally, Citigroup assumed coverage on shares of Starz Entertainment in a report on Monday, September 14th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.71.

Hedge Funds Weigh In On Starz Entertainment

Several large investors have recently made changes to their positions in the business. Hollow Brook Wealth Management LLC bought a new stake in Starz Entertainment during the 3rd quarter valued at approximately $360,000. State of Wyoming purchased a new position in shares of Starz Entertainment during the third quarter valued at about $184,000. Ratan Capital Management LP purchased a new position in shares of Starz Entertainment during the second quarter valued at about $368,000. Coastal Bridge Advisors LLC bought a new stake in shares of Starz Entertainment in the second quarter worth about $4,056,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Starz Entertainment in the second quarter worth about $8,027,000.

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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