Starz (STRZA) : Sarbit Advisory Services added new position in Starz during the most recent quarter end. The investment management firm now holds 707,500 shares of Starz which is valued at $18.8 Million , the company said in a statement filed on May 13, 2016 with the SEC.Starz makes up approximately 3.30% of Sarbit Advisory Services’s portfolio.
Other Hedge Funds, Including , Allegis Investment Advisors sold out all of its stake in STRZA during the most recent quarter. The investment firm sold 148 shares of STRZA which is valued $3,925.First Eagle Investment Management reduced its stake in STRZA by selling 9,000 shares or 16.96% in the most recent quarter. The Hedge Fund company now holds 44,068 shares of STRZA which is valued at $1.2 Million. Pacad Investment Ltd. added STRZA to its portfolio by purchasing 23,600 company shares during the most recent quarter which is valued at $649,944. Starz makes up approx 0.08% of Pacad Investment Ltd.’s portfolio.Ifp Advisors Inc reduced its stake in STRZA by selling 316 shares or 18.33% in the most recent quarter. The Hedge Fund company now holds 1,408 shares of STRZA which is valued at $38,776.
Starz closed down -0.85 points or -3.21% at $25.64 with 13,16,121 shares getting traded on Wednesday. Post opening the session at $26.53, the shares hit an intraday low of $25.41 and an intraday high of $26.6 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.
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 .
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.