Starz (STRZA) : Ivory Investment Management added new position in Starz during the most recent quarter end. The investment management firm now holds 1,563,193 shares of Starz which is valued at $49,256,211 , the company said in a statement filed on Aug 15, 2016 with the SEC.Starz makes up approximately 1.59% of Ivory Investment Management’s portfolio.
Other Hedge Funds, Including , Clearbridge Investments reduced its stake in STRZA by selling 54,560 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 6,285,952 shares of STRZA which is valued at $198,070,348. Starz makes up approx 0.22% of Clearbridge Investments’s portfolio. Bayesian Capital Management Lp added STRZA to its portfolio by purchasing 14,373 company shares during the most recent quarter which is valued at $452,893. Starz makes up approx 0.25% of Bayesian Capital Management Lp’s portfolio. Princeton Alpha Management Lp sold out all of its stake in STRZA during the most recent quarter. The investment firm sold 17,108 shares of STRZA which is valued $528,637.
Starz closed down -0.46 points or -1.47% at $30.73 with 23,18,098 shares getting traded on Thursday. Post opening the session at $31.03, the shares hit an intraday low of $30.63 and an intraday high of $31.29 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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 Initiated by Brean Capital to “Hold” on Sep 6, 2016. Starz was Downgraded by CLSA to ” Underperform” on Aug 1, 2016. Starz was Downgraded by Pivotal Research Group to ” Hold” on Jul 29, 2016.
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.