Starz Inc. (STRZA) Shares Gap Up to $29.82
Starz Inc. (NASDAQ:STRZA) shares gapped up before the market opened 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 trading hands.
STRZA has been the topic of a number of research analyst reports. Credit Agricole SA raised shares of Starz from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $31.00 in a research report on Monday, May 2nd. Zacks Investment Research raised shares of Starz from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, July 5th. Pivotal Research raised shares of Starz from a “hold” rating to a “buy” rating and boosted their price objective for the company from $29.00 to $32.00 in a research report on Friday, April 29th. Morgan Stanley reissued a “hold” rating on shares of Starz in a research report on Saturday, April 30th. Finally, FBR & Co boosted their target price 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.00.
The stock has a market capitalization of $3.00 billion and a price-to-earnings ratio of 15.30. The firm has a 50 day moving average price of $29.51 and a 200 day moving average price of $27.20.
Starz (NASDAQ:STRZA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The firm earned $402.60 million during the quarter, compared to analyst estimates of $421.17 million. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, equities analysts anticipate 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 firm’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $27.43, for a total transaction 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 filing with the Securities & Exchange Commission, which is accessible through this link.
Other hedge funds recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in shares of 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 during the period. Foresters Investment Management Company Inc. increased its stake in shares of Starz by 1.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 102,500 shares of the company’s stock valued at $3,434,000 after buying an additional 1,000 shares during the period. Finally, Matarin Capital Management LLC bought a new stake in shares of Starz during the fourth quarter valued at 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.