Starz (NASDAQ:STRZA) has experienced an increase in enthusiasm from smart money recently. One more point in favor of Starz came today morning from Lazard, which gave the company a higher rank.
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Just as important, bullish insider trading sentiment is a second way to parse down the marketplace. Obviously, there are lots of reasons for an executive to drop shares of his or her company, but only one, very simple reason why they would initiate a purchase. Several empirical studies have demonstrated the useful potential of this strategy if investors know what to do (learn more here).
With these “truths” under our belt, it’s important to take a gander at the latest action surrounding Starz (NASDAQ:STRZA).
How have hedgies been trading Starz (NASDAQ:STRZA)?
Consequently, key money managers were leading the bulls’ herd. Hutchin Hill Capital, managed by Neil Chriss, established the most outsized position in Starz (NASDAQ:STRZA). Hutchin Hill Capital had 33.6 million invested in the company at the end of the quarter. Paul Tudor Jones’s Tudor Investment Corp also initiated a $0.3 million position during the quarter.
How have insiders been trading Starz (NASDAQ:STRZA)?
Insider purchases made by high-level executives is particularly usable when the primary stock in question has seen transactions within the past half-year. Over the last six-month time period, Starz (NASDAQ:STRZA) has seen zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Starz (NASDAQ:STRZA). These stocks are Bona Film Group Ltd (ADR) (NASDAQ:BONA), World Wrestling Entertainment, Inc. (NYSE:WWE), The Madison Square Garden Co (NASDAQ:MSG), IMAX Corporation (USA) (NYSE:IMAX), and Live Nation Entertainment, Inc. (NYSE:LYV). This group of stocks are in the entertainment – diversified industry and their market caps match STRZA’s market cap.