Starz Inc. (NASDAQ:STRZA) Director Daniel E. Sanchez sold 1,775 shares of Starz stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $31.44, for a total transaction of $55,806.00. Following the completion of the transaction, the director now directly owns 8,633 shares in the company, valued at $271,421.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Starz Inc. (NASDAQ:STRZA) opened at 31.19 on Friday. Starz Inc. has a 1-year low of $20.33 and a 1-year high of $40.69. The firm has a 50-day moving average of $31.30 and a 200-day moving average of $28.59. The firm has a market capitalization of $3.03 billion, a PE ratio of 15.44 and a beta of 0.35.
Starz (NASDAQ:STRZA) last released its 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. Starz had a return on equity of 94.59% and a net margin of 12.57%. The firm had revenue of $402.60 million for the quarter, compared to analysts’ expectations of $421.17 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Starz Inc. will post $2.29 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Starz from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Brean Capital assumed coverage on shares of Starz in a research report on Tuesday, September 6th. They issued a “hold” rating and a $27.00 target price on the stock. Credit Agricole SA downgraded shares of Starz from an “outperform” rating to an “underperform” rating in a research report on Friday, July 29th. Pivotal Research downgraded shares of Starz from a “buy” rating to a “hold” rating and dropped their target price for the stock from $32.00 to $31.00 in a research report on Friday, July 29th. Finally, FBN Securities raised shares of Starz from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.30.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CNH Partners LLC acquired a new position in Starz during the second quarter worth about $14,261,000. Columbia Wanger Asset Management LLC boosted its stake in Starz by 38.1% in the second quarter. Columbia Wanger Asset Management LLC now owns 1,479,416 shares of the company’s stock valued at $44,264,000 after buying an additional 408,157 shares during the period. Carlson Capital L P purchased a new stake in Starz during the second quarter valued at $11,968,000. Hudson Bay Capital Management LP purchased a new stake in Starz during the first quarter valued at $10,331,000. Finally, River Road Asset Management LLC purchased a new stake in Starz during the second quarter valued at $11,302,000. Hedge funds and other institutional investors own 83.94% of the company’s stock.
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.
Receive News & Ratings for Starz Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starz Inc. and related companies with MarketBeat.com's FREE daily email newsletter.