Star (NASDAQ:STHO) Stock Lifted to "Hold" by Wall Street Zen

Key Points

• Star Holdings was upgraded to “Hold” by Wall Street Zen, following a similar upgrade from Weiss Ratings. MarketBeat reports a consensus “Hold” rating based on one analyst’s assessment.
• Star shares opened at $7.47, near the lower end of their 52-week range of $7.01 to $9.94. The company reported a quarterly loss of $0.19 per share on revenue of $19.36 million.
• Institutional ownership remains high at 89.31%, with several hedge funds—including Renaissance Technologies and Rangeley Capital—recently increasing their positions.

Star (NASDAQ:STHO - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Star from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Star Trading Up 0.3%

Shares of STHO stock opened at $7.47 on Friday. Star has a 1-year low of $7.01 and a 1-year high of $9.94. The company has a market cap of $90.24 million, a price-to-earnings ratio of 6.17 and a beta of 1.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 18.87 and a quick ratio of 18.87. The stock has a 50 day simple moving average of $8.72 and a 200-day simple moving average of $8.68.

Star (NASDAQ:STHO - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $19.36 million during 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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ramsey Quantitative Systems purchased a new stake in shares of Star during the second quarter worth approximately $217,000. Marquette Asset Management LLC acquired a new position in Star in the 2nd quarter valued at $523,000. Renaissance Technologies LLC lifted its holdings in Star by 148.0% in the 1st quarter. Renaissance Technologies LLC now owns 93,780 shares of the company's stock valued at $710,000 after purchasing an additional 55,965 shares in the last quarter. Finally, Rangeley Capital LLC lifted its holdings in Star by 46.5% in the 1st quarter. Rangeley Capital LLC now owns 274,072 shares of the company's stock valued at $2,075,000 after purchasing an additional 86,972 shares in the last quarter. Hedge funds and other institutional investors own 89.31% of the company's stock.

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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