Starz (STRZA) was Upgraded by Pivotal Research Group to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $29 . Earlier the firm had a rating of “Hold ” on the company shares. Pivotal Research Group advised their investors in a research report released on Apr 29, 2016.
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 .
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.
Starz closed down -0.45 points or -1.76% at $25.13 with 9,14,053 shares getting traded on Wednesday. Post opening the session at $25.49, the shares hit an intraday low of $25.06 and an intraday high of $25.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jan 8, 2016, Christopher Albrecht (Chief Executive Officer) sold 45,941 shares at $32.21 per share price. According to the SEC, on Dec 4, 2015, Michael Thornton (EVP/CRO StrzMedia/Entertainm’t) sold 4,696 shares at $35.31 per share price. On Nov 10, 2015, Daniel E. Sanchez (director) sold 1,006 shares at $34.54 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.