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 have also issued research reports about the stock. FBN Securities upgraded shares of Starz from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 3rd. FBR & Co lifted their price target on shares of Starz from $26.00 to $32.00 and gave the stock 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 issued a “hold” rating and a $27.00 price target on the stock. Credit Agricole SA lowered shares of Starz from an “outperform” rating to an “underperform” rating in a research report on Friday, July 29th. Finally, Macquarie lowered shares of Starz from an “outperform” rating to a “neutral” rating in a research report on Friday, July 1st. One investment 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 a consensus price target of $33.30.
Shares of Starz (NASDAQ:STRZA) traded up 1.04% on Wednesday, hitting $32.18. The company’s stock had a trading volume of 490,321 shares. The stock’s 50 day moving average is $31.30 and its 200-day moving average is $28.65. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 15.93 and a beta of 0.28. Starz has a 52 week low of $20.33 and a 52 week high of $39.70.
Starz (NASDAQ:STRZA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.54 earnings per share 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 company 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 company posted $0.59 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Starz will post $2.29 earnings per share for the current year.
In related news, Director Daniel E. Sanchez sold 1,775 shares of Starz stock in a transaction 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 completion of the sale, the director now owns 8,633 shares of the company’s stock, valued at approximately $271,421.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan M. Lyne sold 1,000 shares of Starz stock in a transaction on Monday, August 22nd. The shares were 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 of the company’s stock, valued at approximately $366,780.31. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. CNH Partners LLC acquired a new stake in Starz during the second quarter valued at about $14,261,000. Columbia Wanger Asset Management LLC raised 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 last quarter. Carlson Capital L P acquired a new stake in Starz during the second quarter valued at about $11,968,000. River Road Asset Management LLC acquired a new stake in Starz during the second quarter valued at about $11,302,000. Finally, Clearline Capital LP acquired a new stake in Starz during the second quarter valued at about $10,949,000. 83.94% of the stock is owned by institutional investors and hedge funds.
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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