Today, Starz Inc. (STRZA) Upgraded to “Hold” by Zacks Investment Research

Today, Starz Inc. (STRZA) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Starz Inc. (NASDAQ:STRZA) from a sell rating to a hold rating in a report published on Wednesday morning.

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. “

Several other analysts have also recently issued reports on the company. Brean Capital began coverage on Starz in a research report on Tuesday, September 6th. They set a hold rating and a $27.00 target price for the company. FBN Securities upgraded Starz from a sector perform rating to an outperform rating in a research report on Wednesday, August 3rd. Credit Agricole SA cut Starz from an outperform rating to an underperform rating in a research report on Friday, July 29th. Pivotal Research cut Starz from a buy rating to a hold rating and cut their target price for the stock from $32.00 to $31.00 in a research report on Friday, July 29th. Finally, Macquarie cut Starz from an outperform rating to a neutral rating in a research report on Friday, July 1st. 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 company’s stock. The company presently has an average rating of Hold and an average target price of $33.30.

Shares of Starz (NASDAQ:STRZA) traded down 0.450% during trading on Wednesday, reaching $32.095. The company’s stock had a trading volume of 786,655 shares. Starz has a 12-month low of $20.33 and a 12-month high of $39.70. The company has a 50 day moving average of $31.32 and a 200-day moving average of $28.67. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 15.889 and a beta of 0.28.

Starz (NASDAQ:STRZA) last released its earnings results on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Starz had a return on equity of 94.59% and a net margin of 12.57%. The firm earned $402.60 million during the quarter, compared to analysts’ expectations of $421.17 million. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Analysts forecast that Starz will post $2.29 EPS for the current year.

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

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Starz by 0.7% in the second quarter. Vanguard Group Inc. now owns 5,850,926 shares of the company’s stock valued at $175,060,000 after buying an additional 38,870 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Starz by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,046,307 shares of the company’s stock valued at $53,879,000 after buying an additional 31,177 shares during the last quarter. Columbia Wanger Asset Management LLC increased its stake in shares of Starz by 38.1% in the second quarter. Columbia Wanger Asset Management LLC now owns 1,479,416 shares of the company’s stock valued at $44,264,000 after buying an additional 408,157 shares during the last quarter. York Capital Management Global Advisors LLC increased its stake in shares of Starz by 8.3% in the first quarter. York Capital Management Global Advisors LLC now owns 1,445,947 shares of the company’s stock valued at $38,072,000 after buying an additional 110,376 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Starz by 16.6% in the second quarter. TIAA CREF Investment Management LLC now owns 1,373,820 shares of the company’s stock valued at $41,105,000 after buying an additional 195,944 shares during the last quarter. 83.94% of the stock is owned by institutional investors and hedge funds.

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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