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

Starz Entertainment Corp. (NASDAQ:STRZ) was the recipient of a large growth in short interest during the month of 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. Based on an average daily trading volume, of 134,913 shares, the short-interest ratio is presently 4.7 days. Approximately 3.8% of the shares of the company are short sold. Approximately 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 134,913 shares, the short-interest ratio is presently 4.7 days.

Starz Entertainment Stock Up 1.5%

Shares of NASDAQ STRZ traded up $0.13 during trading on Monday, reaching $8.79. 99,445 shares of the stock traded hands, compared to its average volume of 121,594. Starz Entertainment has a 52-week low of $8.00 and a 52-week high of $22.98. The company has a 50-day moving average of $10.80 and a 200-day moving average of $11.92.

Analysts Set New Price Targets

STRZ has been the topic of several research analyst reports. Morgan Stanley cut their price objective on 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. JPMorgan Chase & Co. cut their price target on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Wall Street Zen lowered shares of Starz Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Finally, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Starz Entertainment in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Starz Entertainment presently has an average rating of “Hold” and an average price target of $20.00.

Insider Buying and Selling at Starz Entertainment

In other Starz Entertainment news, CEO Jeffrey Hirsch bought 30,000 shares of Starz Entertainment stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $11.21 per share, with a total value of $336,300.00. Following the completion of the acquisition, the chief executive officer directly owned 198,690 shares in the company, valued at approximately $2,227,314.90. The trade was a 17.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Starz Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STRZ. Russell Investments Group Ltd. purchased a new position in shares of Starz Entertainment in the second quarter worth about $28,000. CWM LLC purchased a new stake in shares of Starz Entertainment during the 2nd quarter valued at approximately $33,000. Advisory Services Network LLC bought a new position in Starz Entertainment in the 3rd quarter worth approximately $36,000. BNP Paribas Financial Markets grew its stake in Starz Entertainment by 101.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock valued at $37,000 after buying an additional 1,274 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Starz Entertainment during the 2nd quarter valued at $41,000.

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.