According to Zacks, “Starz – Liberty Capital is a global media and entertainment company. Its operating units consist of Starz Channels, Starz Distribution and Starz Animation. Starz Channels is a provider of premium subscription video programming through the flagship STARZ(R) and ENCORE(R) pay TV networks. Starz Distribution develops, produces and acquires entertainment content, distributing it to consumers globally on DVD, digital formats and traditional television. Starz Animation produces animated TV and movie content for studios, networks, distributors and audiences worldwide. Starz – Liberty Capital, formerly known as Liberty Media Corporation, is based in Englewood, United States. “
A number of other brokerages also recently issued reports on STRZA. Brean Capital assumed coverage on shares of Starz in a report on Tuesday, September 6th. They issued a hold rating and a $27.00 price target for the company. Credit Agricole SA downgraded shares of Starz from an outperform rating to an underperform rating in a report on Friday, July 29th. Pivotal Research downgraded shares of Starz from a buy rating to a hold rating and cut their price target for the company from $32.00 to $31.00 in a report on Friday, July 29th. FBN Securities upgraded shares of Starz from a sector perform rating to an outperform rating in a report on Wednesday, August 3rd. Finally, FBR & Co increased their price objective on shares of Starz from $26.00 to $32.00 and gave the company an outperform rating in a research note on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $33.30.
Shares of Starz (NASDAQ:STRZA) opened at 31.47 on Wednesday. Starz has a 1-year low of $20.33 and a 1-year high of $40.69. The stock has a market capitalization of $3.05 billion, a P/E ratio of 15.58 and a beta of 0.28. The stock has a 50 day moving average of $31.30 and a 200-day moving average of $28.62.
Starz (NASDAQ:STRZA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. The business earned $402.60 million during the quarter, compared to the consensus estimate of $421.17 million. Starz had a net margin of 12.57% and a return on equity of 94.59%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. Equities research analysts predict that Starz will post $2.29 earnings per share for the current fiscal year.
In related news, Director Daniel E. Sanchez sold 1,775 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $31.44, for a total value of $55,806.00. Following the sale, the director now directly owns 8,633 shares of the company’s stock, valued at $271,421.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan M. Lyne sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $31.33, for a total transaction of $31,330.00. Following the completion of the sale, the director now directly owns 11,707 shares in the company, valued at $366,780.31. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Starz by 37.5% in the first quarter. Legal & General Group Plc now owns 6,653 shares of the company’s stock valued at $175,000 after buying an additional 1,813 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Starz by 324.7% in the first quarter. Renaissance Technologies LLC now owns 440,000 shares of the company’s stock valued at $11,585,000 after buying an additional 336,400 shares in the last quarter. HBK Investments L P bought a new stake in Starz during the first quarter valued at about $1,293,000. Kimelman & Baird LLC bought a new stake in Starz during the first quarter valued at about $694,000. Finally, UBS Group AG boosted its stake in Starz by 104.1% in the first quarter. UBS Group AG now owns 139,529 shares of the company’s stock valued at $3,674,000 after buying an additional 71,155 shares in the last quarter. 83.94% of the stock is currently owned by institutional investors and hedge funds.
Starz Company Profile
Starz is an integrated media and entertainment company. The Company provides subscription video programming in the United States to cable operators, satellite television providers, telecommunications companies and online video providers. The Company’s segments include Starz Networks and Starz Distribution.
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