The New Merion Investment Management Lp Holding in Starz
Merion Investment Management Lp filed with the SEC SC 13G form for Starz. The form can be accessed here: 000090266416008859. As reported in Merion Investment Management Lp’s form, the filler as of late owns 9.6% or 8,423,240 shares of the Consumer Discretionary–company.
Starz stake is a new one for the for the hedge fund and it was filed because of activity on November 7, 2016. We feel this shows Merion Investment Management Lp’s positive view for the stock. For a hedge fund managing $399.44 million in assets and having 4+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Merion Investment Management Lp’s US equities portfolio is in this sector.
Starz Institutional Sentiment
Latest Security and Exchange filings show 268 investors own Starz. The institutional ownership in Q3 2015 is very high, at 81.90% of the outstanding shares. This is decreased by 6633199 the total institutional shares. 71713263 were the shares owned by these institutional investors. In total 48 funds opened new Starz stakes, 82 increased stakes. There were 56 that closed positions and 94 reduced them.
7 managers had the stock in their top Ten. Notable investors are: Ratan Capital Management Lp, Parametrica Management Ltd, Ibis Capital Partners Llp, Adi Capital Management Llc, Horizon Kinetics Llc, Ota Financial Group L.P., Sarbit Advisory Services Inc…
S&Co Inc is an institutional investor bullish on Starz, owning 354601 shares as of Q3 2015 for 2.28% of its portfolio. Reynolds Capital Management Llc owns 9500 shares or 0.44% of its portfolio. TX Eagle Global Advisors Llc have 0.32% of their stock portfolio for 262733 shares. Further, Keeley Asset Management Corp reported stake worth 0.40% of its US stock portfolio. The X1 Ancora Advisors Llc owns 53939 shares. Starz is 0.26% of the manager’s US portfolio.
Starz is an integrated media and entertainment company. The Company provides subscription video programming in the United States to cable operators, satellite television providers, telecommunications companies and online video providers. The Company’s segments include Starz Networks and Starz Distribution. The Starz Networks segment provides subscription video programming to the United States multichannel video programming distributors (MVPDs), including cable operators (such as Comcast and Time Warner Cable), satellite television providers (such as DIRECTV and DISH Network) and telecommunications companies (such as AT&T and Verizon). The Starz Distribution segment includes the operations of its Anchor Bay Entertainment, Starz Digital and Starz Worldwide Distribution businesses. It also develops, produces and acquires entertainment content and distributes this content to consumers in the United States and throughout the world.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Merion Investment Management Lp website.
Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.03, from 1.17 in 2016Q1. The ratio dived, as 39 funds sold all Starz shares owned while 79 reduced positions. 55 funds bought stakes while 79 increased positions. They now own 70.24 million shares or 1.63% less from 71.40 million shares in 2016Q1.
Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Starz (NASDAQ:STRZA) for 2,015 shares. Guggenheim Lc, a Illinois-based fund reported 19,669 shares. First Eagle Inv Ltd Llc has 0% invested in the company for 26,068 shares. Kynikos Associates L P has 145,214 shares for 1.36% of their US portfolio. Prudential has 0% invested in the company for 22,656 shares. Legal & General Grp Public Ltd Com owns 6,914 shares or 0% of their US portfolio. Cornerstone Cap Mngmt Ltd Co has 153,201 shares for 0.04% of their US portfolio. Skba Cap Mgmt Ltd holds 0.06% or 24,435 shares in its portfolio. Moreover, Deere has 0.03% invested in Starz (NASDAQ:STRZA) for 16,794 shares. Blackrock Advsr Limited Liability Company owns 46,523 shares or 0% of their US portfolio. First Personal Serv last reported 0.03% of its portfolio in the stock. P Schoenfeld Asset Mngmt Limited Partnership has 500,000 shares for 0.96% of their US portfolio. Kcg Holdings Inc has 0.02% invested in the company for 29,127 shares. The Missouri-based Benjamin F Edwards & has invested 0% in Starz (NASDAQ:STRZA). Commonwealth Commercial Bank Of accumulated 16,800 shares or 0.01% of the stock.
Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 2 selling transactions for $87,133 net activity. Another trade for 1,000 shares valued at $31,327 was made by Lyne Susan M on Monday, August 22. Another trade for 1,775 shares valued at $55,806 was sold by Sanchez Daniel E..
About 373,242 shares traded hands. Starz (NASDAQ:STRZA) has risen 31.74% since April 15, 2016 and is uptrending. It has outperformed by 27.12% the S&P500.
Starz is an integrated media and entertainment company. The company has a market cap of $3.26 billion. The Firm provides subscription video programming in the United States to cable operators, satellite television providers, telecommunications companies and online video providers. It has a 18.63 P/E ratio. The Company’s divisions include Starz Networks and Starz Distribution.
Starz (NASDAQ:STRZA) Ratings Coverage
Out of 11 analysts covering Starz (NASDAQ:STRZA), 5 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 45% are positive. $40 is the highest target while $34.0 is the lowest. The $36.25 average target is 7.85% above today’s ($33.61) stock price. Starz has been the topic of 15 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Thursday, July 30 the stock rating was upgraded by Credit Agricole to “Buy”. Drexel Hamilton initiated Starz (NASDAQ:STRZA) rating on Thursday, January 14. Drexel Hamilton has “Hold” rating and $34.0 price target. The firm earned “Hold” rating on Tuesday, September 6 by Brean Capital. The rating was initiated by Gabelli with “Buy” on Monday, March 14. Morgan Stanley downgraded Starz (NASDAQ:STRZA) on Monday, August 3 to “Equal-Weight” rating. On Thursday, August 6 the stock rating was upgraded by FBN Securities to “Sector Perform”. The stock of Starz (NASDAQ:STRZA) earned “Underperform” rating by Credit Agricole on Friday, October 30. Stifel Nicolaus upgraded Starz (NASDAQ:STRZA) rating on Friday, October 28. Stifel Nicolaus has “Buy” rating and $36 price target. Pivotal Research upgraded the shares of STRZA in a report on Friday, April 29 to “Buy” rating. As per Friday, June 17, the company rating was upgraded by Macquarie Research.
More news for Starz (NASDAQ:STRZA) were recently published by: 9News.com, which released: “Starz launching premium channels on DirecTV Now” on November 14, 2016. Prnewswire.com‘s article titled: “STARZ Play Arabia Secures Funding Investments from SEQ and Delta Partners” and published on November 15, 2016 is yet another important article.
According to Zacks Investment Research, “Starz – Liberty Capital is a global media and entertainment company. Its operating units consist of Starz Channels, Starz Distribution and Starz Animation. Starz Channels is a provider of premium subscription video programming through the flagship STARZ(R) and ENCORE(R) pay TV networks. Starz Distribution develops, produces and acquires entertainment content, distributing it to consumers globally on DVD, digital formats and traditional television. Starz Animation produces animated TV and movie content for studios, networks, distributors and audiences worldwide. Starz – Liberty Capital, formerly known as Liberty Media Corporation, is based in Englewood, United States.”
STRZA Company Profile
Starz, incorporated on May 7, 2007, is an integrated media and entertainment company. The Firm provides subscription video programming in the United States to cable operators, satellite television providers, telecommunications companies and online video providers. The Company’s divisions include Starz Networks and Starz Distribution. It also develops, produces and acquires entertainment content and distributes this content to clients in the United States and throughout the world. The Company’s business are conducted by its subsidiaries Starz, LLC, Starz Entertainment, LLC (Starz Entertainment), Starz Media Group, LLC (Starz Media) and certain other subsidiaries.
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