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

Star (NASDAQ:STHO) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Star in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Star Price Performance

Star stock opened at $8.10 on Friday. The company has a current ratio of 7.84, a quick ratio of 7.84 and a debt-to-equity ratio of 1.01. Star has a 1-year low of $6.05 and a 1-year high of $9.25. The company has a fifty day simple moving average of $8.11 and a 200 day simple moving average of $7.98. The company has a market cap of $97.93 million, a P/E ratio of -1.66 and a beta of 1.20.

Hedge Funds Weigh In On Star

Several hedge funds and other institutional investors have recently made changes to their positions in STHO. Cerity Partners LLC increased its holdings in Star by 13.0% during the second quarter. Cerity Partners LLC now owns 21,072 shares of the company’s stock worth $165,000 after buying an additional 2,426 shares during the last quarter. Norges Bank acquired a new stake in Star in the fourth quarter valued at $160,000. PCM Encore LLC bought a new position in shares of Star in the 4th quarter valued at about $147,000. American Century Companies Inc. grew its position in shares of Star by 11.3% in the 2nd quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock valued at $125,000 after acquiring an additional 1,616 shares during the period. Finally, PDT Partners LLC acquired a new position in shares of Star during the 2nd quarter worth about $124,000. 89.31% of the stock is owned by institutional investors.

About Star

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.