Starz Inc. (STRZA) Shares Gap Up to $29.82
Shares of Starz Inc. (NASDAQ:STRZA) gapped up prior to trading on Friday . The stock had previously closed at $29.31, but opened at $29.82. Starz shares last traded at $31.18, with a volume of 1,073,444 shares changing hands.
Several research firms have weighed in on STRZA. Deutsche Bank AG upped their target price on Starz from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, May 2nd. FBR & Co reissued a “hold” rating on shares of Starz in a report on Saturday, April 30th. Morgan Stanley reissued a “hold” rating on shares of Starz in a report on Saturday, April 30th. Pivotal Research raised Starz from a “hold” rating to a “buy” rating and upped their target price for the company from $29.00 to $32.00 in a report on Friday, April 29th. Finally, Zacks Investment Research downgraded Starz from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Starz presently has an average rating of “Hold” and an average target price of $34.00.
The firm has a market cap of $3.00 billion and a PE ratio of 15.30. The firm has a 50-day moving average of $29.51 and a 200-day moving average of $27.20.
Starz (NASDAQ:STRZA) last released its 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 firm had revenue of $402.60 million for the quarter, compared to the consensus estimate of $421.17 million. Starz’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. Analysts predict that Starz Inc. will post $2.28 EPS for the current fiscal year.
In other Starz news, Director Jeffrey Sagansky sold 3,500 shares of the stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $27.43, for a total transaction of $96,005.00. Following the completion of the transaction, the director now owns 9,391 shares in the company, valued at approximately $257,595.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Several institutional investors have bought and sold shares of STRZA. GSA Capital Partners LLP increased 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 worth $1,083,000 after buying an additional 13,132 shares in the last quarter. Foresters Investment Management Company Inc. increased its position in Starz by 1.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 102,500 shares of the company’s stock worth $3,434,000 after buying an additional 1,000 shares in the last quarter. Finally, Matarin Capital Management LLC acquired a new position in Starz during the fourth quarter worth approximately $5,239,000.
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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