Starz Inc. (NASDAQ:STRZA) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 4,652,184 shares, a decline of 27.4% from the September 15th total of 6,409,661 shares. Based on an average daily volume of 1,525,498 shares, the short-interest ratio is presently 3.0 days. Approximately 5.7% of the company’s stock are short sold.

In related news, Director Daniel E. Sanchez sold 1,775 shares of the company’s 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 directly owns 8,633 shares of the company’s stock, valued at $271,421.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan M. Lyne sold 1,000 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $31.33, for a total transaction of $31,330.00. Following the completion of the sale, the director now directly owns 11,707 shares in the company, valued at $366,780.31. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of STRZA. Legal & General Group Plc boosted its position in shares of Starz by 3.9% in the second quarter. Legal & General Group Plc now owns 6,914 shares of the company’s stock valued at $207,000 after buying an additional 261 shares during the period. Moon Capital Management LLC boosted its position in shares of Starz by 0.6% in the second quarter. Moon Capital Management LLC now owns 85,130 shares of the company’s stock valued at $2,547,000 after buying an additional 505 shares during the period. First Manhattan Co. boosted its position in shares of Starz by 0.7% in the second quarter. First Manhattan Co. now owns 93,468 shares of the company’s stock valued at $2,796,000 after buying an additional 625 shares during the period. Ngam Advisors L.P. boosted its position in shares of Starz by 2.2% in the second quarter. Ngam Advisors L.P. now owns 35,398 shares of the company’s stock valued at $1,059,000 after buying an additional 761 shares during the period. Finally, Suntrust Banks Inc. boosted its position in shares of Starz by 3.2% in the second quarter. Suntrust Banks Inc. now owns 28,313 shares of the company’s stock valued at $846,000 after buying an additional 884 shares during the period. 83.94% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on STRZA shares. Credit Agricole SA cut shares of Starz from an “outperform” rating to an “underperform” rating in a report on Friday, July 29th. Zacks Investment Research raised shares of Starz from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Macquarie cut shares of Starz from an “outperform” rating to a “neutral” rating in a report on Friday, July 1st. Pivotal Research cut shares of Starz from a “buy” rating to a “hold” rating and dropped their target price for the stock from $32.00 to $31.00 in a report on Friday, July 29th. Finally, FBN Securities upgraded shares of Starz from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.30.

Starz (NASDAQ:STRZA) opened at 30.57 on Friday. Starz has a 12 month low of $20.33 and a 12 month high of $39.42. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 15.13 and a beta of 0.28. The company has a 50-day moving average of $31.33 and a 200-day moving average of $28.85.

Starz (NASDAQ:STRZA) last issued its earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. Analysts predict that Starz will post $2.28 EPS for the current year.

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.

5 Day Chart for NASDAQ:STRZA

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