Starz Entertainment (NASDAQ:STRZ) Major Shareholder Sells 17,700 Shares of Company Stock

Key Points

• Allen Family Capital sold 17,700 Starz shares at an average price of $27.48, reducing its stake by 1.83% to 947,620 shares. The sale was part of a broader series of insider disposals totaling millions of dollars.
• Starz shares fell 3.4% to $21.74, while the company reported a steep quarterly loss of $11.27 per share versus the $0.59 consensus estimate. Starz has negative profitability metrics and analysts expect a full-year loss.
• Analyst sentiment remains mixed, with a MarketBeat consensus rating of “Moderate Buy” and a $32.71 average price target, despite recent sell ratings and the insider selling activity.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) major shareholder Allen Family Capital, Llc sold 17,700 shares of the company's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $27.48, for a total value of $486,396.00. Following the completion of the sale, the insider owned 947,620 shares of the company's stock, valued at approximately $26,040,597.60. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% 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 stock was 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 transaction of $2,677,409.02.
• On Tuesday, September 22nd, Allen Family Capital, Llc sold 115,931 shares of Starz Entertainment stock. The shares were 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 transaction 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 stock was sold at an average price of $25.14, for a total transaction of $2,358,986.76.
• 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 value of $1,559,867.28.
• 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 Trading Down 3.4%

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

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). 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%. Equities research analysts anticipate that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Starz Entertainment in a research report on Tuesday. Wall Street Zen lowered Starz Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Morgan Stanley set a $30.00 target price on Starz Entertainment in a report on Monday, August 10th. Citigroup initiated coverage on shares of Starz Entertainment in a report on Monday, September 14th. They set an "outperform" rating for the company. Finally, 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 price objective on the stock. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Starz Entertainment has a consensus rating of "Moderate Buy" and a consensus price target of $32.71.

Institutional Inflows and Outflows

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

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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