Starz Insider Unloads $567,628 in Stock (STRZA)
Starz (NASDAQ:STRZA) Insider Carmi Zlotnik sold 20,367 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $27.87, for a total transaction of $567,628.29. Following the completion of the sale, the insider now directly owns 47,549 shares in the company, valued at approximately $1,325,191. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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, June 2nd. They set a “neutral” rating and a $33.00 price target on the stock. 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.89.
Shares of Starz (NASDAQ:STRZA) traded up 0.80% during mid-day trading on Friday, hitting $28.99. The stock had a trading volume of 1,111,729 shares. Starz has a 52-week low of $22.77 and a 52-week high of $34.20. The stock has a 50-day moving average of $29.09 and a 200-day moving average of $30.25. The company has a market cap of $3.104 billion and a price-to-earnings ratio of 12.85.
Starz (NASDAQ:STRZA) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.12. The company had revenue of $410.10 million for the quarter, compared to the consensus estimate of $442.84 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down 20.7% on a year-over-year basis. Analysts expect that Starz will post $2.23 EPS 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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