Insider Selling: Michael Thornton Sells 5,000 Shares of Starz Stock (STRZA)
Starz (NASDAQ:STRZA) EVP Michael Thornton sold 5,000 shares of Starz stock on the open market in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $29.48, for a total transaction of $147,400.00. Following the transaction, the executive vice president now directly owns 28,888 shares of the company’s stock, valued at approximately $851,618. The transaction was disclosed in a filing 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, June 2nd. 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 issued a hold rating and five have assigned a buy rating to the stock. Starz presently has an average rating of “Hold” and an average price target of $30.83.
Shares of Starz (NASDAQ:STRZA) traded down 0.90% during mid-day trading on Friday, hitting $28.59. 653,284 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’s 50-day moving average is $30.32 and its 200-day moving average is $30.1. The company has a market cap of $3.119 billion and a P/E ratio of 13.54.
Starz (NASDAQ:STRZA) last issued its quarterly earnings data 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.
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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