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

Starz Entertainment Corp. (NASDAQ:STRZ) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 749,840 shares, a growth of 19.2% from the January 29th total of 629,158 shares. Based on an average trading volume of 118,595 shares, the days-to-cover ratio is presently 6.3 days. Currently, 4.5% of the shares of the stock are sold short. Currently, 4.5% of the shares of the stock are sold short. Based on an average trading volume of 118,595 shares, the days-to-cover ratio is presently 6.3 days.

Starz Entertainment Price Performance

NASDAQ STRZ opened at $12.14 on Wednesday. Starz Entertainment has a 52-week low of $8.00 and a 52-week high of $22.98. The company has a fifty day moving average of $10.36 and a 200-day moving average of $11.54.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STRZ. Weiss Ratings reiterated a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th. Wall Street Zen cut shares of Starz Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Morgan Stanley lowered their price objective on Starz Entertainment from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starz Entertainment currently has an average rating of “Hold” and an average target price of $19.80.

Hedge Funds Weigh In On Starz Entertainment

Institutional investors have recently modified their holdings of the company. Alpine Global Management LLC raised its holdings in shares of Starz Entertainment by 12.5% during the 4th quarter. Alpine Global Management LLC now owns 148,703 shares of the company’s stock valued at $1,740,000 after buying an additional 16,472 shares in the last quarter. Beartown Capital Management LLC purchased a new position in shares of Starz Entertainment during the fourth quarter worth approximately $585,000. J. Goldman & Co LP lifted its holdings in shares of Starz Entertainment by 21.6% in the 4th quarter. J. Goldman & Co LP now owns 255,690 shares of the company’s stock worth $2,992,000 after acquiring an additional 45,352 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Starz Entertainment by 19.0% in the 4th quarter. AQR Capital Management LLC now owns 36,497 shares of the company’s stock valued at $421,000 after purchasing an additional 5,830 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Starz Entertainment in the 4th quarter valued at $538,000.

Starz Entertainment Company Profile

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.