Starz Inc. (NASDAQ:STRZA) dropped 0.4% on Friday . The stock traded as low as $29.43 and last traded at $29.45, with a volume of 2,123,336 shares. The stock had previously closed at $29.57.

STRZA has been the subject of several recent analyst reports. Credit Agricole SA upgraded Starz from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $24.00 to $31.00 in a research note on Monday, May 2nd. Zacks Investment Research upgraded Starz from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, July 5th. Pivotal Research upgraded Starz from a “hold” rating to a “buy” rating and upped their target price for the stock from $29.00 to $32.00 in a research note on Friday, April 29th. Deutsche Bank AG restated a “buy” rating on shares of Starz in a research note on Wednesday, March 16th. Finally, Morgan Stanley restated a “hold” rating on shares of Starz in a research note on Saturday, April 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Starz has an average rating of “Buy” and a consensus price target of $34.11.

The firm’s 50 day moving average price is $27.55 and its 200-day moving average price is $27.43. The company has a market capitalization of $2.91 billion and a price-to-earnings ratio of 14.33.

Starz (NASDAQ:STRZA) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by $0.02. During the same period last year, the company earned $0.79 EPS. 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. Analysts anticipate that Starz Inc. will post $2.44 EPS for the current fiscal year.

In related news, Director Jeffrey Sagansky sold 3,500 shares of Starz stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 9,391 shares in the company, valued at approximately $257,595.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Matarin Capital Management LLC purchased a new position in Starz during the fourth quarter worth approximately $5,239,000. Freestone Capital Holdings LLC increased its stake in Starz by 3.2% in the fourth quarter. Freestone Capital Holdings LLC now owns 405,030 shares of the company’s stock worth $13,568,000 after buying an additional 12,501 shares in the last quarter. Napier Park Global Capital US LP bought a new stake in Starz during the fourth quarter worth about $1,340,000. GSA Capital Partners LLP increased its stake in Starz by 68.4% in the fourth quarter. GSA Capital Partners LLP now owns 32,338 shares of the company’s stock worth $1,083,000 after buying an additional 13,132 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in Starz by 54.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,345,905 shares of the company’s stock worth $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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