Starz Insider Sells $641,033 in Stock (STRZA)
Starz (NASDAQ:STRZA) Insider Carmi Zlotnik unloaded 22,524 shares of the company’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $28.46, for a total value of $641,033.04. Following the sale, the insider now directly owns 47,549 shares of the company’s stock, valued at approximately $1,353,245. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Starz (NASDAQ:STRZA) traded down 0.37% during mid-day trading on Friday, hitting $29.50. 1,309,505 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 $29.87 and a 200-day moving average of $30.1. The company has a market cap of $3.218 billion and a P/E ratio of 13.90.
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. Analysts expect that Starz will post $2.15 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Starz has an average rating of “Hold” and an average target price of $31.69.
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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