IndexIQ Advisors LLC bought a new position in Starz Inc. (NASDAQ:STRZA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 37,133 shares of the company’s stock, valued at approximately $1,158,000.
Several other large investors also recently made changes to their positions in STRZA. PNC Financial Services Group Inc. raised its position in Starz by 6.2% in the third quarter. PNC Financial Services Group Inc. now owns 33,264 shares of the company’s stock valued at $1,036,000 after buying an additional 1,939 shares during the last quarter. Aperio Group LLC raised its position in Starz by 13.9% in the third quarter. Aperio Group LLC now owns 19,131 shares of the company’s stock valued at $597,000 after buying an additional 2,338 shares during the last quarter. LMR Partners LLP acquired a new position in Starz during the third quarter valued at $8,061,000. State of Wisconsin Investment Board raised its position in Starz by 88.4% in the third quarter. State of Wisconsin Investment Board now owns 103,382 shares of the company’s stock valued at $3,224,000 after buying an additional 48,500 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in Starz during the third quarter valued at $933,000. 80.05% of the stock is currently owned by institutional investors.
Starz Inc. (NASDAQ:STRZA) traded down 0.47% during trading on Friday, hitting $33.73. The company had a trading volume of 243,344 shares. Starz Inc. has a one year low of $20.33 and a one year high of $35.84. The stock has a market capitalization of $3.29 billion, a PE ratio of 18.85 and a beta of 0.04. The stock has a 50-day moving average of $32.08 and a 200-day moving average of $30.15.
Starz (NASDAQ:STRZA) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.19. The business had revenue of $407.80 million for the quarter, compared to analyst estimates of $405.52 million. Starz had a return on equity of 77.85% and a net margin of 10.99%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. On average, equities analysts anticipate that Starz Inc. will post $2.12 EPS for the current year.
A number of research analysts have commented on the company. FBN Securities upgraded Starz from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 3rd. Stifel Nicolaus upgraded Starz from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $36.00 in a research note on Friday, October 28th. Zacks Investment Research downgraded Starz from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 28th. Brean Capital assumed coverage on Starz in a research note on Tuesday, September 6th. They issued a “hold” rating and a $27.00 target price on the stock. Finally, downgraded Starz from an “outperform” rating to an “underperform” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Starz has an average rating of “Hold” and a consensus price target of $33.55.
In related news, major shareholder Merion Investment Management L bought 386,587 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average price of $33.94 per share, with a total value of $13,120,762.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel E. Sanchez sold 1,775 shares of Starz stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $31.44, for a total value of $55,806.00. Following the completion of the sale, the director now directly 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 company insiders.
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.