Starz Inc. (NASDAQ:STRZA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
Other research analysts also recently issued reports about the stock. FBN Securities raised shares of Starz from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 3rd. FBR & Co raised their price objective on shares of Starz from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, July 1st. Brean Capital started coverage on shares of Starz in a research report on Tuesday, September 6th. They set a “hold” rating and a $27.00 price objective on the stock. Credit Agricole SA cut shares of Starz from an “outperform” rating to an “underperform” rating in a research report on Friday, July 29th. Finally, Macquarie cut shares of Starz from an “outperform” rating to a “neutral” rating in a research report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.30.
Shares of Starz (NASDAQ:STRZA) opened at 32.13 on Wednesday. Starz has a 12 month low of $20.33 and a 12 month high of $39.70. The company has a market cap of $3.12 billion, a PE ratio of 15.91 and a beta of 0.28. The firm’s 50-day moving average is $31.33 and its 200-day moving average is $28.70.
Starz (NASDAQ:STRZA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. Starz had a net margin of 12.57% and a return on equity of 94.59%. The firm earned $402.60 million during the quarter, compared to the consensus estimate of $421.17 million. During the same period last year, the firm earned $0.59 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts predict that Starz will post $2.28 earnings per share for the current year.
In other news, Director Daniel E. Sanchez sold 1,775 shares of Starz stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $31.44, for a total transaction of $55,806.00. Following the sale, the director now owns 8,633 shares of the company’s stock, valued at approximately $271,421.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan M. Lyne sold 1,000 shares of Starz stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $31.33, for a total transaction of $31,330.00. Following the sale, the director now directly owns 11,707 shares in the company, valued at approximately $366,780.31. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in STRZA. Jacobs Levy Equity Management Inc. bought a new stake in shares of Starz during the first quarter worth $350,000. Legal & General Group Plc raised its stake in shares of Starz by 37.5% in the first quarter. Legal & General Group Plc now owns 6,653 shares of the company’s stock worth $175,000 after buying an additional 1,813 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Starz by 324.7% in the first quarter. Renaissance Technologies LLC now owns 440,000 shares of the company’s stock worth $11,585,000 after buying an additional 336,400 shares during the last quarter. HBK Investments L P bought a new stake in shares of Starz during the first quarter worth $1,293,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Starz during the first quarter worth $694,000. 83.94% of the stock is currently owned by hedge funds and other institutional investors.
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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