Starz CEO Sells $699,082 in Stock (STRZA)
Starz (NASDAQ:STRZA) CEO Christopher Albrecht sold 22,981 shares of the stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $30.42, for a total value of $699,082.02. Following the sale, the chief executive officer now directly owns 73,450 shares of the company’s stock, valued at approximately $2,234,349. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Starz (NASDAQ:STRZA) traded up 1.45% during mid-day trading on Thursday, hitting $31.47. The stock had a trading volume of 2,531,927 shares. Starz has a 1-year low of $24.11 and a 1-year high of $34.20. The stock has a 50-day moving average of $29.18 and a 200-day moving average of $30.41. The company has a market cap of $3.370 billion and a price-to-earnings ratio of 13.85.
Starz (NASDAQ:STRZA) last announced its earnings results on Thursday, July 31st. The company reported $0.62 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.52 earnings per share. Starz’s revenue was down 20.7% compared to the same quarter last year. Analysts expect that Starz will post $2.23 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. 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 research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.89.
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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