Havens Advisors adds Starz (STRZA) to its portfolio

Starz (STRZA) : Havens Advisors added new position in Starz during the most recent quarter end. The investment management firm now holds 116,261 shares of Starz which is valued at $3,554,099 , the company said in a statement filed on Oct 13, 2016 with the SEC.Starz makes up approximately 2.84% of Havens Advisors’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in STRZA by selling 21 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 612 shares of STRZA which is valued at $18,709. Centurylink Investment Management Co sold out all of its stake in STRZA during the most recent quarter. The investment firm sold 57,043 shares of STRZA which is valued $1,780,312.

Starz closed down -1.08 points or -3.34% at $31.21 with 26,05,783 shares getting traded on Tuesday. Post opening the session at $32.29, the shares hit an intraday low of $31.17 and an intraday high of $32.29 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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