Hays Advisory Lowers stake in Starz (STRZA)

Starz (STRZA) : Hays Advisory reduced its stake in Starz by 14.14% during the most recent quarter end. The investment management company now holds a total of 180,414 shares of Starz which is valued at $5,536,906 after selling 29,719 shares in Starz , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Starz makes up approximately 0.84% of Hays Advisory’s portfolio.

Other Hedge Funds, Including , Moon Capital Management boosted its stake in STRZA in the latest quarter, The investment management firm added 505 additional shares and now holds a total of 85,130 shares of Starz which is valued at $2,612,640. Starz makes up approx 3.15% of Moon Capital Management’s portfolio.Hall Laurie J Trustee boosted its stake in STRZA in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 430 shares of Starz which is valued at $12,844. Starz makes up approx 0.01% of Hall Laurie J Trustee’s portfolio.Creative Planning reduced its stake in STRZA by selling 210 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 10,259 shares of STRZA which is valued at $306,436.

Starz opened for trading at $30.3 and hit $30.7334 on the upside on Wednesday, eventually ending the session at $30.69, with a gain of 1.72% or 0.52 points. The heightened volatility saw the trading volume jump to 9,09,822 shares. Company has a market cap of $3,021 M.

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. Starz was Downgraded by Macquarie to ” Neutral” on Jul 1, 2016. Company shares were Reiterated by FBR Capital on Jul 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $26 .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 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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