Daniel E. Sanchez Sells 1,775 Shares of Starz Inc. (STRZA) Stock
Starz Inc. (NASDAQ:STRZA) Director Daniel E. Sanchez sold 1,775 shares of the stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $31.44, for a total value of $55,806.00. Following the transaction, the director now directly owns 8,633 shares of the company’s stock, valued at $271,421.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Starz Inc. (NASDAQ:STRZA) opened at 31.19 on Friday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 15.44 and a beta of 0.35. The company’s 50 day moving average price is $31.30 and its 200 day moving average price is $28.59. Starz Inc. has a one year low of $20.33 and a one year high of $40.69.
Starz (NASDAQ:STRZA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The business had revenue of $402.60 million for the quarter, compared to analyst estimates of $421.17 million. Starz had a net margin of 12.57% and a return on equity of 94.59%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, analysts expect that Starz Inc. will post $2.29 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on STRZA shares. Zacks Investment Research raised Starz from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, July 5th. Pivotal Research lowered 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 raised 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. Brean Capital started coverage on Starz in a research note on Tuesday, September 6th. They set a “hold” rating and a $27.00 price objective for the company. Finally, FBN Securities raised Starz from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.30.
Several hedge funds have recently bought and sold shares of the company. Cowen Group Inc. purchased a new stake in Starz during the second quarter valued at about $7,097,000. Royal Bank of Canada raised its stake in Starz by 234.3% in the second quarter. Royal Bank of Canada now owns 108,040 shares of the company’s stock valued at $3,232,000 after buying an additional 75,717 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Starz by 13.9% in the second quarter. Public Employees Retirement System of Ohio now owns 50,501 shares of the company’s stock valued at $1,511,000 after buying an additional 6,166 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Starz by 67.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 375,300 shares of the company’s stock valued at $11,229,000 after buying an additional 151,752 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Starz by 31.9% in the second quarter. Amalgamated Bank now owns 13,456 shares of the company’s stock valued at $428,000 after buying an additional 3,257 shares in the last quarter. Institutional investors and hedge funds own 83.94% 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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