Horizon Kinetics Lowers stake in Starz (STRZA)

Starz (STRZA) : Horizon Kinetics reduced its stake in Starz by 12.0% during the most recent quarter end. The investment management company now holds a total of 5,042,850 shares of Starz which is valued at $127,735,391 after selling 687,684 shares in Starz , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Starz makes up approximately 3.35% of Horizon Kinetics’s portfolio.

Starz opened for trading at $25.78 and hit $26.205 on the upside on Wednesday, eventually ending the session at $26.11, with a gain of 1.60% or 0.41 points. The heightened volatility saw the trading volume jump to 7,39,253 shares. Company has a market cap of $2,626 M.

Other Hedge Funds, Including , Moon Capital Management added STRZA to its portfolio by purchasing 84,625 company shares during the most recent quarter which is valued at $2,143,551. Starz makes up approx 2.71% of Moon Capital Management’s portfolio.Hays Advisory reduced its stake in STRZA by selling 24,805 shares or 10.56% in the most recent quarter. The Hedge Fund company now holds 210,133 shares of STRZA which is valued at $5,322,669. Starz makes up approx 0.75% of Hays Advisory’s portfolio. Central Trust Co sold out all of its stake in STRZA during the most recent quarter. The investment firm sold 585 shares of STRZA which is valued $14,818.Creative Planning reduced its stake in STRZA by selling 483 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 10,469 shares of STRZA which is valued at $257,433.

On the company’s financial health, Starz reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.29. The company had revenue of $427.60 million for the quarter, compared to analysts expectations of $426.44 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Starz. Gabelli & Co Initiated Starz on Mar 14, 2016 to “Buy”, Price Target of the shares are set at $37.Shares were Reiterated by Pivotal Research Group on Mar 1, 2016 to “Hold” and Lowered the Price Target to $ 29 from a previous price target of $35 .

Starz is an integrated media and entertainment company. Starz is engaged in video programming and development production acquisition and distribution of entertainment content. The Company has three segments: Starz Networks Starz Distribution and Starz Animation. Starz Networks provides premium subscription video programming to multichannel video programming distributors (MVPDs) in the United States including cable operators satellite television providers and telecommunications companies. The Starz Distribution segment includes its Anchor Bay Entertainment Starz Digital and Starz Worldwide Distribution businesses. Starz Animation through Film Roman LLC develops and produces two-dimensional animated content for third party entertainment companies. The Company conducts its operations under the STARZ ENCORE MOVIEPLEX Anchor Bay Entertainment Starz Digital Starz Worldwide and Film Roman brand names.

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