Starz (STRZA) was Downgraded by Macquarie to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Macquarie advised their investors in a research report released on Jul 1, 2016.
Many Wall Street Analysts have commented on Starz. Company shares were Reiterated by Deutsche Bank on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .Starz was Upgraded by Credit Agricole to ” Outperform” on May 2, 2016. Company shares were Upgraded by Pivotal Research Group on Apr 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $29 .
On the company’s financial health, Starz reported $0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.68. The company had revenue of $431.90 million for the quarter, compared to analysts expectations of $436.19 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.
Starz opened for trading at $27.83 and hit $28.36 on the upside on Wednesday, eventually ending the session at $28.25, with a gain of 2.65% or 0.73 points. The heightened volatility saw the trading volume jump to 12,39,668 shares. Company has a market cap of $2,781 M.
In a different news, on May 11, 2016, Jeffrey Sagansky (director) sold 3,500 shares at $27.43 per share price. According to the SEC, on Jan 8, 2016, Christopher Albrecht (Chief Executive Officer) sold 45,941 shares at $32.21 per share price. On Dec 4, 2015, Michael Thornton (EVP/CRO StrzMedia/Entertainm’t) sold 4,696 shares at $35.31 per share price, according to the Form-4 filing with the securities and exchange commission.
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.