Starz Entertainment Corp. (NASDAQ:STRZ) Sees Large Growth in Short Interest

Starz Entertainment Corp. (NASDAQ:STRZ) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 629,158 shares, a growth of 25.3% from the January 15th total of 502,131 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average trading volume of 134,913 shares, the days-to-cover ratio is presently 4.7 days. Based on an average trading volume of 134,913 shares, the days-to-cover ratio is presently 4.7 days. Approximately 3.8% of the company’s stock are short sold.

Institutional Trading of Starz Entertainment

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in Starz Entertainment by 101.8% in the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after acquiring an additional 1,274 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Starz Entertainment in the 2nd quarter valued at $28,000. CWM LLC acquired a new position in shares of Starz Entertainment during the 2nd quarter worth $33,000. Harbor Capital Advisors Inc. raised its holdings in shares of Starz Entertainment by 9.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,107 shares of the company’s stock worth $270,000 after buying an additional 2,083 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Starz Entertainment during the 3rd quarter worth $36,000.

Starz Entertainment Trading Up 2.5%

Shares of STRZ stock opened at $9.01 on Wednesday. Starz Entertainment has a 1 year low of $8.00 and a 1 year high of $22.98. The stock has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $11.84.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on STRZ shares. Wall Street Zen lowered Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Morgan Stanley cut their price objective on shares of Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. reduced their price target on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.00.

About Starz Entertainment

Starz Entertainment (NASDAQ: STRZ) is a global media and entertainment company that operates premium subscription video services across linear television and digital streaming platforms. The company’s core offering includes the STARZ and STARZ ENCORE linear networks in the United States, alongside its STARZPLAY streaming service, which is available in North America, parts of Europe, Latin America and select Asian markets. Through its multi-platform distribution strategy, Starz delivers a combination of original programming, feature films and licensed series to a broad subscriber base.

At the heart of Starz Entertainment’s business is its investment in original content production.