Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp reduced its position in shares of Starz Inc. (NASDAQ:STRZA) by 15.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,800 shares of the company’s stock after selling 12,100 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.07% of Starz worth $2,052,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Starz during the second quarter worth about $135,000. Advisor Group Inc. acquired a new stake in Starz during the second quarter worth about $178,000. Pacer Advisors Inc. acquired a new stake in Starz during the second quarter worth about $207,000. Legal & General Group Plc boosted its stake in Starz by 3.9% in the second quarter. Legal & General Group Plc now owns 6,914 shares of the company’s stock worth $207,000 after buying an additional 261 shares during the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in Starz during the third quarter worth about $234,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

Institutional Ownership by Quarter for Starz (NASDAQ:STRZA)

Shares of Starz Inc. (NASDAQ:STRZA) traded up 0.09% during midday trading on Monday, reaching $33.68. The company’s stock had a trading volume of 7,161,298 shares. The firm has a 50-day moving average of $32.17 and a 200-day moving average of $30.28. Starz Inc. has a one year low of $20.33 and a one year high of $35.84. The stock has a market cap of $3.28 billion, a PE ratio of 18.83 and a beta of 0.04.

Starz (NASDAQ:STRZA) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.34 earnings per share (EPS) 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 earned $407.80 million during the quarter, compared to analyst estimates of $405.52 million. During the same period last year, the firm posted $0.56 earnings per share. Starz’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Starz Inc. will post $2.12 EPS for the current year.

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A number of analysts recently issued reports on STRZA shares. Zacks Investment Research cut Starz from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. Brean Capital started coverage on shares of Starz in a research note on Tuesday, September 6th. They set a “hold” rating and a $27.00 price target for the company. Stifel Nicolaus raised shares of Starz from a “hold” rating to a “buy” rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Friday, October 28th. Finally, FBN Securities raised shares of 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 assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.55.

In other news, major shareholder Merion Investment Management L bought 386,587 shares of the stock in a transaction dated Monday, November 21st. The shares were bought at an average cost of $33.94 per share, with a total value of $13,120,762.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel E. Sanchez sold 1,775 shares of the company’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 transaction, the director now directly owns 8,633 shares in the company, valued at $271,421.52. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

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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