Filing Worth Watching: Why Merion Investment Management Lp Reported Big Starz Position?

Filing Worth Watching: Why Merion Investment Management Lp Reported Big Starz Position?

The New Merion Investment Management Lp Holding in Starz

Merion Investment Management Lp filed with the SEC SC 13G/A form for Starz. The form can be accessed here: 000090266416008905. As reported in Merion Investment Management Lp’s form, the filler as of late owns 10.4% or 9,143,450 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 21, 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.

Business Profile

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 0.63 in 2016 Q2. Its down 0.51, from 1.14 in 2016Q1. The ratio dropped, 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.

Jefferies Grp Limited Liability Company holds 50,026 shares or 0.01% of its portfolio. Employees Retirement Association Of Colorado, a Colorado-based fund reported 16,851 shares. Prudential has 0% invested in the company for 22,656 shares. Alps holds 14,090 shares or 0% of its portfolio. Kenmare Prtn Limited Liability Corporation has 84,361 shares for 2.62% of their US portfolio. Maverick Cap Ltd, a Texas-based fund reported 94,370 shares. Bokf Na last reported 0.01% of its portfolio in the stock. Glenmede Tru Co Na has 0% invested in the company for 1,725 shares. Ibis Prtn Ltd Liability Partnership, a United Kingdom-based fund reported 597,597 shares. Eagle Global Advisors Ltd Liability Corp accumulated 161,308 shares or 0.14% of the stock. Susquehanna Grp Inc Ltd Liability Partnership holds 0% or 239,251 shares in its portfolio. Moon Ltd Liability Corp holds 0% or 85,130 shares in its portfolio. The Washington-based Cornerstone Advisors Incorporated has invested 0.01% in Starz (NASDAQ:STRZA). Alliancebernstein Lp holds 0% of its portfolio in Starz (NASDAQ:STRZA) for 49,315 shares. The New York-based M&R Capital Management has invested 0.01% in Starz (NASDAQ:STRZA).

Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 2 sales for $87,133 net activity. The insider Sanchez Daniel E. sold 1,775 shares worth $55,806. $31,327 worth of Starz (NASDAQ:STRZA) shares were sold by Lyne Susan M.

Analysts await Starz (NASDAQ:STRZA) to report earnings on February, 23. They expect $0.59 EPS, up 126.92% or $0.33 from last year’s $0.26 per share. STRZA’s profit will be $57.97M for 14.36 P/E if the $0.59 EPS becomes a reality. After $0.34 actual EPS reported by Starz for the previous quarter, Wall Street now forecasts 73.53% EPS growth.

The stock decreased 0.38% or $0.13 during the last trading session, hitting $33.89. About 3.65M shares traded hands or 237.96% up from the average. Starz (NASDAQ:STRZA) has risen 30.29% since April 21, 2016 and is uptrending. It has outperformed by 24.97% the S&P500.

Starz is an integrated media and entertainment company. The company has a market cap of $3.33 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 18.75 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 6.96% above today’s ($33.89) stock price. Starz has been the topic of 15 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Starz (NASDAQ:STRZA) earned “Equal-Weight” rating by Morgan Stanley on Monday, August 3. The rating was maintained by Pivotal Research with “Hold” on Friday, October 30. The firm has “Hold” rating by Drexel Hamilton given on Thursday, January 14. The rating was maintained by Pivotal Research with “Hold” on Thursday, July 30. The firm has “Buy” rating given on Thursday, July 30 by Credit Agricole. Macquarie Research downgraded Starz (NASDAQ:STRZA) on Thursday, September 17 to “Neutral” rating. The stock has “Buy” rating given by Gabelli on Monday, March 14. FBN Securities upgraded the stock to “Sector Perform” rating in Thursday, August 6 report. The firm has “Underperform” rating given on Friday, October 30 by CLSA. The company was initiated on Tuesday, September 6 by Brean Capital.

More recent Starz (NASDAQ:STRZA) news were published by: Streetinsider.com which released: “Brean Capital Sees Arbitrage Opportunity in Lions Gate (LGF)/Starz (STRZA) Deal” on November 23, 2016. Also 9News.com published the news titled: “Starz launching premium channels on DirecTV Now” on November 14, 2016. Multichannel.com‘s news article titled: “Starz Play Arabia Nets More Funding” with publication date: November 14, 2016 was also an interesting one.

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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