Starz Inc. (STRZA) Rating Lowered to Strong Sell at Zacks Investment Research
Starz Inc. (NASDAQ:STRZA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday.
According to Zacks, “Starz – Liberty Capital is a global media and entertainment company. Its operating units consist of Starz Channels, Starz Distribution and Starz Animation. Starz Channels is a provider of premium subscription video programming through the flagship STARZ(R) and ENCORE(R) pay TV networks. Starz Distribution develops, produces and acquires entertainment content, distributing it to consumers globally on DVD, digital formats and traditional television. Starz Animation produces animated TV and movie content for studios, networks, distributors and audiences worldwide. Starz – Liberty Capital, formerly known as Liberty Media Corporation, is based in Englewood, United States. “
STRZA has been the subject of several other reports. Pivotal Research downgraded Starz from a “buy” rating to a “hold” rating and reduced their target price for the company from $32.00 to $31.00 in a report on Friday, July 29th. Macquarie raised Starz from a “neutral” rating to an “outperform” rating and upped their target price for the company from $28.00 to $30.00 in a report on Friday, June 17th. Credit Agricole SA downgraded Starz from an “outperform” rating to an “underperform” rating in a report on Friday, July 29th. Brean Capital assumed coverage on Starz in a research note on Tuesday, September 6th. They issued a “hold” rating and a $27.00 price objective for the company. Finally, FBR & Co increased 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.30.
Starz (NASDAQ:STRZA) opened at 31.32 on Wednesday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 15.50 and a beta of 0.35. Starz has a 52-week low of $20.33 and a 52-week high of $40.69. The company’s 50-day moving average price is $31.32 and its 200 day moving average price is $28.57.
Starz (NASDAQ:STRZA) last announced its earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Starz had a return on equity of 94.59% and a net margin of 12.57%. The business earned $402.60 million during the quarter, compared to the consensus estimate of $421.17 million. During the same period in the prior year, the business posted $0.59 earnings per share. Starz’s revenue was down 3.6% compared to the same quarter last year. Equities research analysts predict that Starz will post $2.29 earnings per share for the current year.
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 transaction, 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 legal filing with the SEC, which is accessible through the SEC website. 8.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Starz by 22.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,272 shares of the company’s stock valued at $113,000 after buying an additional 787 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Starz during the second quarter valued at $135,000. Legal & General Group Plc raised its position in shares of Starz by 37.5% in the first quarter. Legal & General Group Plc now owns 6,653 shares of the company’s stock valued at $175,000 after buying an additional 1,813 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of Starz during the second quarter valued at $178,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Starz during the second quarter valued at $207,000. 83.94% of the stock is currently owned by institutional investors.
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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