Star (NASDAQ:STHO – Get Free Report) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings upgraded Star from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.
Star Price Performance
STHO stock opened at $7.47 on Friday. The firm has a 50-day simple moving average of $8.72 and a 200-day simple moving average of $8.68. The stock has a market capitalization of $90.24 million, a P/E ratio of 6.17 and a beta of 1.30. The company has a quick ratio of 18.87, a current ratio of 18.87 and a debt-to-equity ratio of 0.74. Star has a 52 week low of $7.01 and a 52 week high of $9.94.
Star (NASDAQ:STHO – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $19.36 million for the quarter. Star had a net margin of 14.77% and a negative return on equity of 0.90%.
Hedge Funds Weigh In On Star
A number of hedge funds have recently made changes to their positions in the stock. Rangeley Capital LLC grew its stake in shares of Star by 46.5% during the first quarter. Rangeley Capital LLC now owns 274,072 shares of the company’s stock worth $2,075,000 after acquiring an additional 86,972 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Star by 148.0% in the 1st quarter. Renaissance Technologies LLC now owns 93,780 shares of the company’s stock worth $710,000 after purchasing an additional 55,965 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Star during the 2nd quarter worth about $523,000. Finally, Ramsey Quantitative Systems acquired a new stake in Star in the second quarter valued at about $217,000. 89.31% of the stock is currently owned by institutional investors.
About Star
Star Holdings (NASDAQ: STHO) is a real estate investment company that owns and manages a diversified portfolio of commercial real estate and real estate-related investments. Its holdings have included properties and investments across several sectors, including multifamily housing, office, retail, industrial, hospitality and land.
The company’s portfolio is primarily focused on real estate in the United States and may include both direct property interests and investments in real estate debt or other related assets.
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