Fort Warren Capital Management Lp buys $9,217,967 stake in Starz (STRZA)

Starz (STRZA) : Fort Warren Capital Management Lp scooped up 194,234 additional shares in Starz during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 292,541 shares of Starz which is valued at $9,217,967.Starz makes up approximately 9.81% of Fort Warren Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in STRZA in the latest quarter, The investment management firm added 1,481 additional shares and now holds a total of 12,150 shares of Starz which is valued at $376,407. Wall Street Access Asset Management sold out all of its stake in STRZA during the most recent quarter. The investment firm sold 9,512 shares of STRZA which is valued $283,267.

Starz closed down -0.46 points or -1.47% at $30.73 with 23,18,098 shares getting traded on Thursday. Post opening the session at $31.03, the shares hit an intraday low of $30.63 and an intraday high of $31.29 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Starz reported $0.54 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $402.60 million for the quarter, compared to analysts expectations of $421.17 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Starz. Starz was Initiated by Brean Capital to “Hold” on Sep 6, 2016. Starz was Downgraded by CLSA to ” Underperform” on Aug 1, 2016. Starz was Downgraded by Pivotal Research Group to ” Hold” on Jul 29, 2016.

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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