Starz VP Sells $609,882 in Stock (STRZA)
Starz (NASDAQ:STRZA) VP J. Steven Beabout sold 19,840 shares of Starz stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $30.74, for a total value of $609,881.60. Following the completion of the transaction, the vice president now directly owns 31,742 shares of the company’s stock, valued at approximately $975,749. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Starz (NASDAQ:STRZA) traded up 1.11% during mid-day trading on Thursday, hitting $31.08. 295,248 shares of the company’s stock traded hands. 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. and a 200-day moving average of $30.07. The company has a market cap of $3.391 billion and a price-to-earnings ratio of 14.43.
Starz (NASDAQ:STRZA) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue 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.
STRZA has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $30.83.
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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