Teacher Retirement System of Texas Increases Position in Starz Inc. (STRZA)
Teacher Retirement System of Texas increased its position in shares of Starz Inc. (NASDAQ:STRZA) by 13.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,150 shares of the company’s stock after buying an additional 1,481 shares during the period. Teacher Retirement System of Texas’ holdings in Starz were worth $364,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in STRZA. Fuller & Thaler Asset Management Inc. acquired a new stake in Starz during the second quarter worth about $135,000. M&T Bank Corp acquired a new stake in Starz during the second quarter worth about $263,000. Balter Liquid Alternatives LLC acquired a new stake in Starz during the first quarter worth about $303,000. Jacobs Levy Equity Management Inc. acquired a new stake in Starz during the first quarter worth about $350,000. Finally, BlackRock Inc. increased its stake in Starz by 487.4% in the first quarter. BlackRock Inc. now owns 15,303 shares of the company’s stock worth $403,000 after buying an additional 12,698 shares during the period. 83.94% of the stock is currently owned by hedge funds and other institutional investors.
Starz Inc. (NASDAQ:STRZA) traded down 0.10% during trading on Wednesday, hitting $31.18. The company’s stock had a trading volume of 24,094 shares. Starz Inc. has a 12 month low of $20.33 and a 12 month high of $39.43. The firm has a 50 day moving average of $31.37 and a 200 day moving average of $28.82. The firm has a market cap of $3.03 billion, a P/E ratio of 15.44 and a beta of 0.28.
Starz (NASDAQ:STRZA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company earned $402.60 million during the quarter, compared to analysts’ expectations of $421.17 million. Starz had a return on equity of 94.59% and a net margin of 12.57%. Starz’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. Equities research analysts predict that Starz Inc. will post $2.28 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. 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 report on Friday, July 1st. Zacks Investment Research downgraded shares of Starz from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Brean Capital assumed coverage on shares of Starz in a report on Tuesday, September 6th. They set a “hold” rating and a $27.00 target price on the stock. FBN Securities upgraded shares of Starz from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 3rd. Finally, Macquarie upgraded shares of Starz from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $28.00 to $30.00 in a report on Friday, June 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.30.
In other Starz news, Director Susan M. Lyne sold 1,000 shares of the company’s stock in a transaction dated 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 owns 11,707 shares in the company, valued at $366,780.31. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel E. Sanchez sold 1,775 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $31.44, for a total value of $55,806.00. Following the completion of the sale, the director now owns 8,633 shares of the company’s stock, valued at approximately $271,421.52. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.
Starz Company Profile
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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