Starz Inc. (STRZA) Trading Down 0.4%
Starz Inc. (NASDAQ:STRZA) traded down 0.4% during trading on Friday . The company traded as low as $29.43 and last traded at $29.45, with a volume of 2,123,336 shares changing hands. The stock had previously closed at $29.57.
Several analysts have issued reports on the stock. FBR & Co reissued a “hold” rating on shares of Starz in a research note on Saturday, April 30th. Morgan Stanley reissued a “hold” rating on shares of Starz in a research note on Saturday, April 30th. Deutsche Bank AG boosted their target price on shares of Starz from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, May 2nd. Zacks Investment Research raised shares of Starz from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday. Finally, Credit Agricole SA raised shares of Starz from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $24.00 to $31.00 in a research note on Monday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Starz has an average rating of “Buy” and an average price target of $34.11.
The firm has a market capitalization of $2.91 billion and a PE ratio of 14.33. The stock has a 50 day moving average price of $27.55 and a 200 day moving average price of $27.43.
Starz (NASDAQ:STRZA) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by $0.02. During the same quarter in the prior year, the company earned $0.79 earnings per share. The company had revenue of $431.90 million for the quarter, compared to analyst estimates of $435.68 million. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Starz Inc. will post $2.44 EPS for the current fiscal year.
In other Starz news, Director Jeffrey Sagansky sold 3,500 shares of Starz stock in a transaction on Monday, May 9th. The shares were sold at an average price of $27.43, for a total value of $96,005.00. Following the sale, the director now directly owns 9,391 shares in the company, valued at approximately $257,595.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of large investors have modified their holdings of the stock. Matarin Capital Management LLC acquired a new stake in shares of Starz during the fourth quarter valued at about $5,239,000. Freestone Capital Holdings LLC raised its position in Starz by 3.2% in the fourth quarter. Freestone Capital Holdings LLC now owns 405,030 shares of the company’s stock valued at $13,568,000 after buying an additional 12,501 shares in the last quarter. Napier Park Global Capital US LP purchased a new position in Starz during the fourth quarter valued at $1,340,000. GSA Capital Partners LLP raised its position in Starz by 68.4% in the fourth quarter. GSA Capital Partners LLP now owns 32,338 shares of the company’s stock valued at $1,083,000 after buying an additional 13,132 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its position in Starz by 54.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,345,905 shares of the company’s stock valued at $45,088,000 after buying an additional 474,634 shares in the last quarter.
Starz is an integrated media and entertainment company. Starz is engaged in video programming and development, production, acquisition and distribution of entertainment content. The Company has three segments: Starz Networks, Starz Distribution and Starz Animation. Starz Networks provides premium subscription video programming to multichannel video programming distributors (MVPDs) in the United States, including cable operators, satellite television providers and telecommunications companies.
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