Starz Inc. (STRZA) Upgraded to “Hold” at Zacks Investment Research
Starz Inc. (NASDAQ:STRZA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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. Macquarie downgraded Starz from an “outperform” rating to a “neutral” rating in a report on Friday, July 1st. Credit Agricole SA downgraded Starz from an “outperform” rating to an “underperform” rating in a report on Friday, July 29th. FBN Securities raised Starz from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 3rd. Brean Capital initiated 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, FBR & Co upped their price objective on Starz from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.30.
Shares of Starz (NASDAQ:STRZA) traded up 1.04% during mid-day trading on Wednesday, reaching $32.18. The company’s stock had a trading volume of 490,321 shares. The company’s 50 day moving average price is $31.30 and its 200-day moving average price is $28.65. Starz has a 1-year low of $20.33 and a 1-year high of $39.70. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 15.93 and a beta of 0.28.
Starz (NASDAQ:STRZA) last released its quarterly earnings data 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 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%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Analysts predict that Starz will post $2.29 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 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 sale, the director now owns 11,707 shares in the company, valued at approximately $366,780.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the director now owns 8,633 shares in the company, valued at approximately $271,421.52. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Starz during the second quarter worth $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 worth $175,000 after buying an additional 1,813 shares in the last quarter. Advisor Group Inc. acquired a new position in shares of Starz during the second quarter worth $178,000. Pacer Advisors Inc. acquired a new position in shares of Starz during the second quarter worth $207,000. Finally, Brown Advisory Inc. acquired a new position in shares of Starz during the second quarter worth $229,000. Hedge funds and other institutional investors own 83.94% of the company’s stock.
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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