Starz Inc. (NASDAQ:STRZA) Director Daniel E. Sanchez sold 1,775 shares of Starz stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $31.44, for a total value of $55,806.00. Following the completion of the sale, the director now owns 8,633 shares of the company’s stock, valued at $271,421.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Starz Inc. (NASDAQ:STRZA) opened at 31.19 on Friday. The stock has a market capitalization of $3.03 billion, a PE ratio of 15.44 and a beta of 0.35. The company has a 50-day moving average price of $31.30 and a 200-day moving average price of $28.59. Starz Inc. has a 12-month low of $20.33 and a 12-month high of $40.69.
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, hitting the Zacks’ consensus estimate of $0.54. The company earned $402.60 million during the quarter, compared to the consensus estimate of $421.17 million. Starz had a return on equity of 94.59% and a net margin of 12.57%. Starz’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. Analysts expect that Starz Inc. will post $2.29 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in Starz during the second quarter valued at $135,000. Legal & General Group Plc increased 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 during the last quarter. Advisor Group Inc. purchased a new stake in Starz during the second quarter valued at $178,000. Pacer Advisors Inc. purchased a new stake in Starz during the second quarter valued at $207,000. Finally, Brown Advisory Inc. purchased a new stake in Starz during the second quarter valued at $229,000. 83.94% of the stock is owned by institutional investors.
Several research analysts have issued reports on the company. Zacks Investment Research cut Starz from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Brean Capital assumed coverage on Starz in a research report on Tuesday, September 6th. They issued a “hold” rating and a $27.00 target price on the stock. FBN Securities raised Starz from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 3rd. Credit Agricole SA cut Starz from an “outperform” rating to an “underperform” rating in a research report on Friday, July 29th. Finally, Pivotal Research cut 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.30.
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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