Insider Selling: Starz Insider Sells 16,338 Shares of Stock (STRZA)
Starz (NASDAQ:STRZA) Insider Carmi Zlotnik unloaded 16,338 shares of Starz stock on the open market in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $29.06, for a total value of $474,782.28. Following the completion of the sale, the insider now directly owns 47,549 shares of the company’s stock, valued at approximately $1,381,774. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on STRZA. 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 four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.69.
Starz (NASDAQ:STRZA) traded up 2.29% on Friday, hitting $30.33. 1,891,513 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 has a 50-day moving average of $29.52 and a 200-day moving average of $30.33. The company has a market cap of $3.309 billion and a price-to-earnings ratio of 13.92.
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.
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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