Star (NASDAQ:STHO) Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Star (NASDAQ:STHO) from a strong sell rating to a hold rating in a research note issued to investors on Thursday.

Star Price Performance

Shares of NASDAQ:STHO opened at $6.08 on Thursday. Star has a 12 month low of $6.06 and a 12 month high of $14.50. The stock has a market cap of $80.99 million, a price-to-earnings ratio of -0.93 and a beta of 1.23. The stock’s 50 day moving average price is $6.92 and its 200 day moving average price is $8.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23.

Star (NASDAQ:STHO) last announced its earnings results on Monday, May 12th. The company reported ($0.81) EPS for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%. The firm had revenue of $14.62 million for the quarter.

Institutional Investors Weigh In On Star

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of Star by 196.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the company’s stock valued at $26,000 after buying an additional 1,761 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Star by 298.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company’s stock valued at $43,000 after buying an additional 3,335 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Star by 725.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company’s stock valued at $54,000 after buying an additional 4,888 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Star by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,413 shares of the company’s stock valued at $92,000 after buying an additional 1,494 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Star in the first quarter valued at $96,000. Institutional investors own 89.31% of the company’s stock.

Star Company Profile

Star Holdings engages in the non-ground lease related commercial real estate businesses in the United States. Its portfolio primarily comprises interest in the Asbury Park Waterfront and Magnolia Green residential development projects. Star Holdings is based in New York, New York.