Star Holdings (NASDAQ:STHO – Get Free Report)’s share price shot up 1.2% during trading on Thursday . The stock traded as high as $9.07 and last traded at $9.02. Approximately 4,835 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 14,932 shares. The stock had previously closed at $8.91.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on STHO shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Star in a report on Monday, June 15th. Wall Street Zen upgraded Star from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
Check Out Our Latest Report on Star
Star Price Performance
Institutional Trading of Star
A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in Star by 226.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock valued at $41,000 after buying an additional 3,612 shares in the last quarter. XTX Topco Ltd bought a new stake in Star during the 2nd quarter valued at $79,000. AQR Capital Management LLC purchased a new stake in shares of Star during the first quarter worth $96,000. PDT Partners LLC purchased a new stake in shares of Star during the second quarter worth $124,000. Finally, American Century Companies Inc. boosted its holdings in shares of Star by 11.3% in the second quarter. American Century Companies Inc. now owns 15,965 shares of the company’s stock worth $125,000 after acquiring an additional 1,616 shares during the period. 89.31% of the stock is currently owned by hedge funds and other institutional investors.
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.
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