Starz Entertainment Corp. (NASDAQ:STRZ) Short Interest Up 19.2% in February

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

Analysts Set New Price Targets

A number of brokerages have weighed in on STRZ. JPMorgan Chase & Co. decreased their target price 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. 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. Finally, Morgan Stanley lowered their price objective on shares of Starz Entertainment from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new stake in Starz Entertainment during the 2nd quarter valued at approximately $33,000. Nisa Investment Advisors LLC purchased a new position in shares of Starz Entertainment in the second quarter worth $62,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Starz Entertainment during the second quarter valued at $806,000. Liberty 77 Capital L.P. bought a new stake in Starz Entertainment in the 2nd quarter valued at $28,987,000. Finally, Geode Capital Management LLC purchased a new stake in Starz Entertainment in the 2nd quarter worth $5,076,000.

Starz Entertainment Price Performance

NASDAQ:STRZ opened at $13.69 on Friday. The business’s 50-day simple moving average is $10.43 and its two-hundred day simple moving average is $11.57. Starz Entertainment has a 52 week low of $8.00 and a 52 week high of $22.98.

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.