Starz Inc. (STRZA) Shares Sold by Hays Advisory LLC
Hays Advisory LLC reduced its position in shares of Starz Inc. (NASDAQ:STRZA) by 9.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,654 shares of the company’s stock after selling 16,760 shares during the period. Hays Advisory LLC owned approximately 0.17% of Starz worth $5,104,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. S&CO Inc. raised its stake in Starz by 0.5% in the second quarter. S&CO Inc. now owns 364,011 shares of the company’s stock worth $10,891,000 after buying an additional 1,730 shares in the last quarter. CenturyLink Investment Management Co raised its stake in Starz by 35.0% in the second quarter. CenturyLink Investment Management Co now owns 57,043 shares of the company’s stock worth $1,707,000 after buying an additional 14,780 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in Starz during the first quarter worth approximately $1,210,000. State Board of Administration of Florida Retirement System raised its stake in Starz by 18.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 148,104 shares of the company’s stock worth $4,432,000 after buying an additional 23,385 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Starz during the second quarter worth approximately $2,331,000. 80.05% of the stock is owned by institutional investors.
Shares of Starz Inc. (NASDAQ:STRZA) traded up 0.98% during trading on Monday, reaching $33.97. The company’s stock had a trading volume of 2,907,719 shares. The company has a market cap of $3.31 billion, a PE ratio of 18.99 and a beta of 0.04. Starz Inc. has a 52 week low of $20.33 and a 52 week high of $35.84. The stock’s 50 day moving average price is $31.82 and its 200 day moving average price is $29.95.
Starz (NASDAQ:STRZA) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.19. Starz had a net margin of 10.99% and a return on equity of 77.85%. The business had revenue of $407.80 million for the quarter, compared to the consensus estimate of $405.52 million. During the same quarter last year, the firm earned $0.56 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Starz Inc. will post $2.12 EPS for the current year.
A number of equities analysts have recently weighed in on STRZA shares. Zacks Investment Research downgraded Starz from a “hold” rating to a “sell” rating in a report on Friday, October 21st. downgraded Starz from an “outperform” rating to an “underperform” rating in a report on Friday, July 29th. Pivotal Research downgraded Starz from a “buy” rating to a “hold” rating and dropped their target price for the company from $32.00 to $31.00 in a report on Friday, July 29th. FBN Securities upgraded Starz from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 3rd. Finally, Brean Capital started coverage on Starz in a report on Tuesday, September 6th. They issued a “hold” rating and a $27.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Starz presently has an average rating of “Hold” and an average price target of $33.55.
In other Starz news, Director Daniel E. Sanchez sold 1,775 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.50% 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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