Starz Inc. (STRZA) Sees Large Volume Increase
Starz Inc. (NASDAQ:STRZA) saw unusually-high trading volume on Thursday . Approximately 880,668 shares traded 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.
A number of analysts have issued reports on STRZA shares. Zacks Investment Research raised Starz from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, July 5th. Pivotal Research downgraded Starz from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $32.00 to $31.00 in a research note on Friday, July 29th. FBR & Co lifted their price objective on Starz from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, July 1st. FBN Securities raised Starz from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Macquarie raised Starz from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $28.00 to $30.00 in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.00.
The firm has a market cap of $2.98 billion and a P/E ratio of 15.21. The company’s 50-day moving average is $30.86 and its 200 day moving average is $27.75.
Starz (NASDAQ:STRZA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. During the same quarter in the prior year, the company posted $0.59 EPS. The business had revenue of $402.60 million for the quarter, compared to analysts’ expectations of $421.17 million. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts expect that Starz Inc. will post $2.30 earnings per share for the current fiscal year.
In other Starz news, Director Susan M. Lyne sold 1,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $31.33, for a total transaction of $31,330.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website.
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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