Insider Selling: Starz EVP Sells 5,000 Shares of Stock (STRZA)
Starz (NASDAQ:STRZA) EVP Michael Thornton sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $29.15, for a total value of $145,750.00. Following the sale, the executive vice president now directly owns 28,888 shares in the company, valued at approximately $842,085. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Starz (NASDAQ:STRZA) traded down 0.69% on Friday, hitting $28.78. 1,137,879 shares of the company’s stock traded hands. Starz has a 52-week low of $22.36 and a 52-week high of $34.20. The stock’s 50-day moving average is $29.71 and its 200-day moving average is $30.34. The company has a market cap of $3.140 billion and a P/E ratio of 13.61.
Starz (NASDAQ:STRZA) last announced its 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.
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 analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus 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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