Starz Entertainment (NASDAQ:STRZ) Major Shareholder Allen Family Capital, Llc Sells 59,288 Shares of Company Stock

Key Points

• Allen Family Capital sold 59,288 Starz shares at an average price of $26.31 for approximately $1.56 million, reducing its position by 4.93% to 1.14 million shares. The shareholder has also reported several other substantial sales recently.
• Starz shares fell 3.4% to $21.74, while the company reported a significant quarterly EPS loss of $11.27 versus analysts’ expected loss of $0.59. Analysts project a full-year loss and the company continues to show negative profitability metrics.
• Analyst sentiment remains mixed but leans positive, with an average “Moderate Buy” rating and a consensus price target of $32.71; individual targets range from $30 to $40, alongside several hold and sell ratings.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) major shareholder Allen Family Capital, Llc sold 59,288 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $26.31, for a total transaction of $1,559,867.28. Following the sale, the insider directly owned 1,144,498 shares in the company, valued at $30,111,742.38. This represents a 4.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 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 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 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 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 stock was sold at an average price of $26.25, for a total value of $3,693,690.00.
• On Friday, August 21st, Allen Family Capital, Llc sold 156,705 shares of Starz Entertainment stock. The shares were sold at an average price of $26.56, for a total value of $4,162,084.80.

Starz Entertainment Stock Down 3.4%

Shares of Starz Entertainment stock traded down $0.76 on Thursday, reaching $21.74. 493,168 shares of the company were exchanged, compared to its average volume of 195,830. The stock's 50 day moving average price is $24.91 and its 200-day moving average price is $20.44. 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 Corp. has a 1-year low of $8.40 and a 1-year high of $32.58. The company has a market cap 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 issued 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). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. The firm had revenue of $307.90 million during the quarter. As a group, equities analysts forecast that Starz Entertainment Corp. will post -6.12 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on STRZ. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $30.00 price target on shares of Starz Entertainment in a research note on Tuesday, August 18th. Wall Street Zen downgraded Starz Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Citizens Jmp assumed coverage on Starz Entertainment in a research note on Monday, September 14th. They set a "market outperform" rating and a $40.00 target price for the company. Citigroup initiated coverage on Starz Entertainment in a report on Monday, September 14th. They issued an "outperform" rating for the company. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Starz Entertainment in a research note on Tuesday. One equities 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 given a Sell rating to the company. According to MarketBeat.com, Starz Entertainment presently has an average rating of "Moderate Buy" and an average target price of $32.71.

Institutional Trading of Starz Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at about $34,000. Persistent Asset Partners Ltd purchased a new stake in Starz Entertainment in the 2nd quarter valued at $196,000. State of Wyoming acquired a new stake in Starz Entertainment during the 3rd quarter worth $184,000. Deutsche Bank AG acquired a new stake in Starz Entertainment during the 2nd quarter worth approximately $342,000. Finally, Ratan Capital Management LP acquired a new stake in shares of Starz Entertainment during the second quarter worth $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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