Parametrica Management Ltd adds Starz (STRZA) to its portfolio

Starz (STRZA) : Parametrica Management Ltd added new position in Starz during the most recent quarter end. The investment management firm now holds 29,979 shares of Starz which is valued at $921,554 , the company said in a statement filed on Jul 22, 2016 with the SEC.Starz makes up approximately 1.32% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Granite Investment Advisors reduced its stake in STRZA by selling 3,505 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 234,572 shares of STRZA which is valued at $7,210,743. Starz makes up approx 1.42% of Granite Investment Advisors’s portfolio. Trust Department Mb Financial Bank N A sold out all of its stake in STRZA during the most recent quarter. The investment firm sold 1 shares of STRZA which is valued $30.Mai Capital Management reduced its stake in STRZA by selling 83 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 8,354 shares of STRZA which is valued at $252,876. Starz makes up approx 0.02% of Mai Capital Management’s portfolio.Cutler Group Lp boosted its stake in STRZA in the latest quarter, The investment management firm added 13,652 additional shares and now holds a total of 21,879 shares of Starz which is valued at $653,526. Starz makes up approx 0.04% of Cutler Group Lp’s portfolio.

Starz opened for trading at $29.27 and hit $30.515 on the upside on Friday, eventually ending the session at $30.23, with a gain of 0.90% or 0.27 points. The heightened volatility saw the trading volume jump to 12,63,802 shares. Company has a market cap of $2,976 M.

On the company’s financial health, Starz reported $0.54 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $402.60 million for the quarter, compared to analysts expectations of $421.17 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Starz. Starz was Downgraded by Pivotal Research Group to ” Hold” on Jul 29, 2016. Starz was Downgraded by Macquarie to ” Neutral” on Jul 1, 2016. Company shares were Reiterated by FBR Capital on Jul 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $26 .

Starz is an integrated media and entertainment company. Starz is engaged in video programming and development production acquisition and distribution of entertainment content. The Company has three segments: Starz Networks Starz Distribution and Starz Animation. Starz Networks provides premium subscription video programming to multichannel video programming distributors (MVPDs) in the United States including cable operators satellite television providers and telecommunications companies. The Starz Distribution segment includes its Anchor Bay Entertainment Starz Digital and Starz Worldwide Distribution businesses. Starz Animation through Film Roman LLC develops and produces two-dimensional animated content for third party entertainment companies. The Company conducts its operations under the STARZ ENCORE MOVIEPLEX Anchor Bay Entertainment Starz Digital Starz Worldwide and Film Roman brand names.

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