Starz Inc. (STRZA) Sees Unusually-High Trading Volume
Shares of Starz Inc. (NASDAQ:STRZA) saw an uptick in trading volume on Thursday . 880,668 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 816,643 shares.The stock last traded at $30.93 and had previously closed at $31.19.
Several brokerages recently weighed in on STRZA. Zacks Investment Research cut shares of Starz from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Credit Agricole SA cut shares of Starz from an “outperform” rating to an “underperform” rating in a research report on Friday, July 29th. Pivotal Research cut shares of Starz from a “buy” rating to a “hold” rating and cut their price objective for the company from $32.00 to $31.00 in a research report on Friday, July 29th. FBN Securities upgraded shares of Starz from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Macquarie cut shares of Starz from an “outperform” rating to a “neutral” rating in a research report on Friday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.00.
The company has a market capitalization of $2.99 billion and a PE ratio of 15.27. The stock’s 50 day moving average price is $30.88 and its 200 day moving average price is $27.77.
Starz (NASDAQ:STRZA) last announced its quarterly earnings data 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 analysts’ expectations of $421.17 million. During the same quarter in the previous year, the business posted $0.59 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts predict that Starz Inc. will post $2.30 EPS for the current fiscal year.
In other Starz news, Director Susan M. Lyne sold 1,000 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $31.33, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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