Insider Selling: Starz VP Sells 36,306 Shares of Stock (STRZA)
Starz (NASDAQ:STRZA) VP J. Steven Beabout sold 36,306 shares of the stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $30.44, for a total value of $1,105,154.64. Following the sale, the vice president now directly owns 31,742 shares in the company, valued at approximately $966,226. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on STRZA shares. Analysts at Goldman Sachs initiated coverage on shares of Starz in a research note on Monday. They set a “neutral” rating and a $33.00 price target on the stock. Separately, analysts at National Alliance Securities initiated coverage on shares of Starz in a research note on Friday, May 30th. They set a “buy” rating and a $36.66 price target on the stock. Finally, analysts at TheStreet downgraded shares of Starz from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.83.
Starz (NASDAQ:STRZA) traded up 0.72% on Wednesday, hitting $30.74. The stock had a trading volume of 418,186 shares. Starz has a 52-week low of $21.11 and a 52-week high of $34.20. The stock has a 50-day moving average of $30.59 and a 200-day moving average of $30.06. The company has a market cap of $3.354 billion and a P/E ratio of 14.33.
Starz (NASDAQ:STRZA) last released its earnings data on Thursday, May 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $420.00 million for the quarter, compared to the consensus estimate of $421.24 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Starz will post $2.15 earnings per share for the current fiscal year.
Starz, formerly Liberty Media Corporation, is an integrated global media and entertainment company with operating units that provide subscription video programming on domestic United States pay television channels (NASDAQ:STRZA), global content distribution (Starz Distribution) and animated television and movie production (Starz Animation).
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